UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires Shares of 514,526 Curbline Properties (NYSE:CURB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 514,526 shares of the company's stock, valued at approximately $11,947,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.49% of Curbline Properties at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Covestor Ltd raised its stake in shares of Curbline Properties by 390.2% in the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Curbline Properties during the 4th quarter valued at about $31,000. Smartleaf Asset Management LLC purchased a new stake in Curbline Properties in the 4th quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Curbline Properties in the 4th quarter worth approximately $62,000. Finally, Sterling Capital Management LLC acquired a new stake in shares of Curbline Properties during the 4th quarter valued at $69,000.

Curbline Properties Stock Up 0.1%

Shares of NYSE:CURB traded up $0.02 during trading on Wednesday, hitting $22.90. 445,448 shares of the company were exchanged, compared to its average volume of 709,313. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The business's 50 day moving average is $23.03 and its 200-day moving average is $23.62.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly 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 during the quarter, compared to analyst estimates of $34.51 million. The business's quarterly revenue was up 38.2% on a year-over-year basis. On average, equities analysts predict that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

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 given a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%.

Analyst Ratings Changes

A number of research firms have recently commented on CURB. Piper Sandler lifted their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Compass Point upped their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley lowered their price objective on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average 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.