Bank of Montreal Can Takes $259,000 Position in Curbline Properties (NYSE:CURB)

Bank of Montreal Can bought a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 11,168 shares of the company's stock, valued at approximately $259,000.

Other hedge funds have also made changes to their positions in the company. Vanguard Group Inc. acquired a new stake in Curbline Properties during the 4th quarter worth approximately $343,497,000. FMR LLC acquired a new stake in shares of Curbline Properties during the fourth quarter worth $323,575,000. Geode Capital Management LLC acquired a new stake in shares of Curbline Properties during the fourth quarter worth $54,894,000. Daiwa Securities Group Inc. purchased a new position in Curbline Properties in the 4th quarter valued at $47,214,000. Finally, Charles Schwab Investment Management Inc. acquired a new position in Curbline Properties in the 4th quarter valued at $39,792,000.

Curbline Properties Stock Performance

NYSE:CURB traded down $0.06 during trading hours on Wednesday, reaching $22.83. 539,061 shares of the company were exchanged, compared to its average volume of 761,908. The stock has a 50 day simple moving average of $23.50 and a 200 day simple moving average of $23.69. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analysts' expectations of $34.51 million. The firm's quarterly revenue was up 38.2% on a year-over-year basis. Analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.80%.

Analysts Set New Price Targets

Several research analysts have issued reports on the company. Piper Sandler increased their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley cut their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Finally, Compass Point upped their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.68.

Curbline Properties Profile

Curbline Properties Corp. is a real estate investment trust which is an owner and manager of convenience shopping centers positioned on the curbline of well-trafficked intersections and major vehicular corridors in suburban. Curbline Properties Corp. is based in NEW YORK.