GSI Capital Advisors LLC Invests $3.85 Million in Curbline Properties (NYSE:CURB)

GSI Capital Advisors LLC bought a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund bought 165,889 shares of the company's stock, valued at approximately $3,852,000. Curbline Properties accounts for 2.0% of GSI Capital Advisors LLC's holdings, making the stock its 23rd biggest holding. GSI Capital Advisors LLC owned approximately 0.16% 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 the stock. Vanguard Group Inc. bought a new stake in Curbline Properties during the fourth quarter valued at $343,497,000. Geode Capital Management LLC acquired a new stake in Curbline Properties during the fourth quarter worth approximately $54,894,000. Daiwa Securities Group Inc. bought a new stake in Curbline Properties in the fourth quarter worth approximately $47,214,000. Charles Schwab Investment Management Inc. acquired a new position in Curbline Properties in the fourth quarter valued at approximately $39,792,000. Finally, JPMorgan Chase & Co. bought a new position in shares of Curbline Properties during the 4th quarter worth approximately $28,313,000.

Curbline Properties Stock Performance

CURB stock traded down $0.92 during mid-day trading on Monday, reaching $22.26. 281,519 shares of the company traded hands, compared to its average volume of 612,204. Curbline Properties has a fifty-two week low of $18.80 and a fifty-two week high of $25.69. The company has a 50 day simple moving average of $24.28.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. As a group, sell-side analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date is Friday, March 14th.

Analyst Ratings Changes

A number of research firms recently issued reports on CURB. Morgan Stanley assumed coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. 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 raised their target price on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $25.82.

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.