ProShare Advisors LLC Buys New Position in Curbline Properties (NYSE:CURB)

ProShare Advisors LLC acquired a new position in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,619 shares of the company's stock, valued at approximately $665,000.

Other hedge funds have also bought and sold shares of the company. Amundi purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $1,194,000. Nisa Investment Advisors LLC purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $811,000. Invesco Ltd. purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $10,183,000. Rhumbline Advisers purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $6,986,000. Finally, Corebridge Financial Inc. purchased a new position in shares of Curbline Properties during the 4th quarter valued at approximately $1,174,000.

Curbline Properties Stock Down 1.4%

Shares of CURB traded down $0.31 during midday trading on Wednesday, reaching $22.52. The company had a trading volume of 334,982 shares, compared to its average volume of 716,562. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The firm has a 50 day simple moving average of $23.13 and a 200-day simple moving average of $23.66.

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

Curbline Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.84%. The ex-dividend date of this dividend is Wednesday, June 18th.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Morgan Stanley decreased their target price on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Compass Point raised their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. 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 report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Curbline Properties presently has a consensus rating of "Hold" and a consensus price target 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.