Ameriprise Financial Inc. Invests $5.10 Million in Curbline Properties (NYSE:CURB)

Ameriprise Financial Inc. bought a new position in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 219,661 shares of the company's stock, valued at approximately $5,104,000. Ameriprise Financial Inc. owned approximately 0.21% of Curbline Properties at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in CURB. Amundi acquired a new position in Curbline Properties during the fourth quarter valued at $1,194,000. Nisa Investment Advisors LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at about $811,000. Invesco Ltd. purchased a new stake in shares of Curbline Properties in the fourth quarter worth approximately $10,183,000. Rhumbline Advisers purchased a new stake in shares of Curbline Properties in the fourth quarter worth approximately $6,986,000. Finally, Corebridge Financial Inc. acquired a new stake in shares of Curbline Properties during the fourth quarter worth approximately $1,174,000.

Curbline Properties Stock Performance

CURB stock traded up $0.53 during trading hours on Tuesday, hitting $22.83. The company's stock had a trading volume of 387,651 shares, compared to its average volume of 718,903. The stock has a 50 day moving average price of $23.16 and a two-hundred day moving average price of $23.68. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. The company's revenue was up 38.2% compared to the same quarter last year. As a group, equities analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders 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 dividend yield of 2.80%. The ex-dividend date of this dividend is Wednesday, June 18th.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CURB. Morgan Stanley cut their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Piper Sandler upped 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 Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Curbline Properties presently 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.