Conversant Capital LLC Buys New Position in Curbline Properties (NYSE:CURB)

Conversant Capital LLC acquired a new stake in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 1,308,000 shares of the company's stock, valued at approximately $30,372,000. Curbline Properties accounts for about 4.2% of Conversant Capital LLC's holdings, making the stock its 6th biggest holding. Conversant Capital LLC owned 1.25% of Curbline Properties as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in Curbline Properties during the 4th quarter worth approximately $29,000. Quadrant Capital Group LLC acquired a new stake in shares of Curbline Properties during the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC acquired a new stake in shares of Curbline Properties during the 4th quarter worth approximately $31,000. Covestor Ltd grew its position in shares of Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Curbline Properties during the 4th quarter worth approximately $62,000.

Curbline Properties Trading Up 2.1%

CURB traded up $0.49 during trading hours on Monday, hitting $23.84. The stock had a trading volume of 62,798 shares, compared to its average volume of 740,476. The company's fifty day simple moving average is $23.33 and its 200 day simple moving average is $23.70. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings data 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. Curbline Properties's quarterly revenue was up 38.2% on a year-over-year basis. As a group, research analysts forecast that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.69%. The ex-dividend date is Wednesday, June 18th.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on CURB shares. Morgan Stanley cut their target price on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Piper Sandler increased their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point increased their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Curbline Properties has a consensus rating of "Hold" and a consensus target price of $25.68.

About Curbline Properties

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.