Bank of America Corp DE Makes New $3.61 Million Investment in Curbline Properties (NYSE:CURB)

Bank of America Corp DE 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 filing with the Securities and Exchange Commission (SEC). The fund purchased 155,543 shares of the company's stock, valued at approximately $3,612,000. Bank of America Corp DE owned 0.15% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of CURB. Amundi bought a new position in Curbline Properties during the 4th quarter worth approximately $1,194,000. Invesco Ltd. acquired a new stake in Curbline Properties during the fourth quarter worth approximately $10,183,000. Rhumbline Advisers bought a new stake in Curbline Properties in the fourth quarter worth approximately $6,986,000. Corebridge Financial Inc. bought a new stake in Curbline Properties in the fourth quarter worth approximately $1,174,000. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Curbline Properties during the 4th quarter worth approximately $1,193,000.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on CURB shares. Morgan Stanley lowered their price objective on shares of 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. Piper Sandler upped their price objective 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. Finally, Compass Point increased their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research 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 company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $25.68.

Curbline Properties Stock Up 0.1%

Shares of Curbline Properties stock traded up $0.02 during trading hours on Wednesday, reaching $22.90. The company's stock had a trading volume of 445,448 shares, compared to its average volume of 709,313. The stock's fifty day simple moving average is $23.03 and its two-hundred day simple moving average is $23.62. 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 earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting 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 business's revenue was up 38.2% on a year-over-year basis. On average, equities research analysts predict that Curbline Properties will post 1 earnings per share 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 paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Wednesday, June 18th.

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.