Millennium Management LLC Purchases 1,382,630 Shares of Curbline Properties (NYSE:CURB)

Millennium Management LLC boosted its stake in Curbline Properties (NYSE:CURB - Free Report) by 1,130.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,504,921 shares of the company's stock after purchasing an additional 1,382,630 shares during the period. Millennium Management LLC owned approximately 1.43% of Curbline Properties worth $34,944,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at $343,497,000. FMR LLC bought a new position in Curbline Properties in the 4th quarter worth $323,575,000. T. Rowe Price Investment Management Inc. bought a new position in Curbline Properties in the 4th quarter worth $119,568,000. Geode Capital Management LLC bought a new position in Curbline Properties in the 4th quarter worth $54,894,000. Finally, GRS Advisors LLC bought a new position in Curbline Properties in the 4th quarter worth $51,890,000.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CURB. Morgan Stanley dropped 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 report on Thursday, April 24th. Piper Sandler boosted 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 boosted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Curbline Properties currently has a consensus rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Stock Down 0.1%

Shares of NYSE CURB traded down $0.02 during mid-day trading on Friday, hitting $22.28. 454,496 shares of the company's stock traded hands, compared to its average volume of 720,947. The company's 50-day moving average is $23.19 and its two-hundred day moving average is $23.69. 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 announced its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting 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 business's revenue for the quarter was up 38.2% on a year-over-year basis. On average, equities research analysts anticipate 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. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.87%. The ex-dividend date is Wednesday, June 18th.

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.