Ameriprise Financial Inc. Makes New Investment in Curbline Properties (NYSE:CURB)

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

Several other institutional investors and hedge funds also recently made changes to their positions in CURB. Smartleaf Asset Management LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $31,000. Covestor Ltd increased its position in shares of Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after acquiring an additional 1,268 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $62,000. Finally, Sterling Capital Management LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $69,000.

Curbline Properties Trading Up 0.7%

Shares of Curbline Properties stock traded up $0.15 on Thursday, hitting $22.65. 366,184 shares of the company's stock were exchanged, compared to its average volume of 714,438. The company has a 50-day simple moving average of $23.11 and a 200-day simple moving average of $23.65. 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 issued its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The company's revenue was up 38.2% on a year-over-year basis. As a group, equities analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.83%. The ex-dividend date is Wednesday, June 18th.

Analyst Ratings Changes

Several equities research analysts recently weighed in on CURB shares. Piper Sandler raised their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley dropped 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 report on Thursday, April 24th. Finally, Compass Point raised their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $25.68.

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.