Corebridge Financial Inc. Takes Position in Curbline Properties (NYSE:CURB)

Corebridge Financial Inc. acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 50,559 shares of the company's stock, valued at approximately $1,174,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. purchased a new position in shares of Curbline Properties during the 4th quarter valued at $343,497,000. Daiwa Securities Group Inc. purchased a new position in Curbline Properties in the fourth quarter valued at about $47,214,000. Charles Schwab Investment Management Inc. purchased a new position in Curbline Properties in the fourth quarter valued at about $39,792,000. Victory Capital Management Inc. acquired a new position in Curbline Properties in the 4th quarter worth about $25,977,000. Finally, Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Curbline Properties during the 4th quarter worth about $18,320,000.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Morgan Stanley began coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price objective on the stock. Piper Sandler increased their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Finally, Compass Point lifted their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Curbline Properties presently has an average rating of "Hold" and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of NYSE:CURB traded up $0.81 on Wednesday, hitting $22.33. 1,214,315 shares of the company were exchanged, compared to its average volume of 763,414. The firm's 50 day moving average price is $24.00. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities analysts predict that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date of this dividend was Friday, March 14th.

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.