40,809 Shares in Curbline Properties (NYSE:CURB) Purchased by Wellington Management Group LLP

Wellington Management Group LLP purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 40,809 shares of the company's stock, valued at approximately $948,000.

A number of other hedge funds have also recently bought and sold shares of CURB. Vanguard Group Inc. bought a new position in Curbline Properties in the fourth quarter valued at approximately $343,497,000. FMR LLC bought a new position in Curbline Properties in the fourth quarter valued at approximately $323,575,000. T. Rowe Price Investment Management Inc. bought a new position in Curbline Properties in the fourth quarter valued at approximately $119,568,000. Geode Capital Management LLC bought a new position in Curbline Properties in the fourth quarter valued at approximately $54,894,000. Finally, GRS Advisors LLC bought a new position in Curbline Properties in the fourth quarter valued at approximately $51,890,000.

Wall Street Analysts Forecast Growth

CURB has been the subject of a number of analyst reports. Compass Point raised 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 price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Piper Sandler raised their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Curbline Properties presently has an average rating of "Hold" and an average target price of $25.68.

Curbline Properties Stock Up 0.4%

CURB opened at $22.76 on Friday. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The business has a 50 day moving average of $22.96 and a 200-day moving average of $23.60.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million during 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. Analysts forecast that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently declared 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 yield of 2.81%.

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.

Want to see what other hedge funds are holding CURB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curbline Properties (NYSE:CURB - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.