Ensign Peak Advisors Inc Invests $927,000 in Curbline Properties (NYSE:CURB)

Ensign Peak Advisors Inc purchased a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 39,926 shares of the company's stock, valued at approximately $927,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Frontier Capital Management Co. LLC acquired a new position in shares of Curbline Properties in the fourth quarter valued at approximately $35,420,000. D. E. Shaw & Co. Inc. purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $541,000. Deutsche Bank AG increased its stake in shares of Curbline Properties by 508.6% during the fourth quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock worth $2,702,000 after acquiring an additional 97,259 shares during the period. Conversant Capital LLC purchased a new position in Curbline Properties during the fourth quarter worth about $30,372,000. Finally, Brown Advisory Inc. acquired a new stake in Curbline Properties in the fourth quarter valued at about $21,292,000.

Analysts Set New Price Targets

A number of analysts recently weighed in on CURB shares. Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley decreased their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Finally, Piper Sandler increased their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a 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. According to MarketBeat, Curbline Properties has an average rating of "Hold" and an average price target of $25.68.

Curbline Properties Trading Down 2.0%

Shares of CURB traded down $0.48 during mid-day trading on Tuesday, reaching $23.14. 596,261 shares of the company's stock were exchanged, compared to its average volume of 726,936. The company has a 50-day simple moving average of $23.27 and a two-hundred day simple moving average of $23.72. 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 quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $38.44 million for the quarter, compared to analyst estimates of $34.51 million. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. Equities analysts forecast that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.77%.

Curbline Properties Company 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.