Hsbc Holdings PLC Takes $1.89 Million Position in Curbline Properties (NYSE:CURB)

Hsbc Holdings PLC purchased a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 81,295 shares of the company's stock, valued at approximately $1,888,000. Hsbc Holdings PLC owned 0.08% of Curbline Properties as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. bought a new position in Curbline Properties during the fourth quarter worth about $343,497,000. FMR LLC bought a new position in Curbline Properties in the 4th quarter worth approximately $323,575,000. Geode Capital Management LLC bought a new position in Curbline Properties in the 4th quarter worth approximately $54,894,000. Daiwa Securities Group Inc. purchased a new position in Curbline Properties in the 4th quarter valued at approximately $47,214,000. Finally, Cohen & Steers Inc. bought a new stake in Curbline Properties during the 4th quarter valued at $45,971,000.

Analyst Ratings Changes

A number of brokerages recently issued reports on CURB. Morgan Stanley dropped their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Piper Sandler raised their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Price Performance

Shares of CURB stock traded up $0.09 on Wednesday, hitting $23.62. 36,870 shares of the company's stock traded hands, compared to its average volume of 637,513. The company's fifty day simple moving average is $23.39 and its 200 day simple moving average is $23.69. Curbline Properties has a one year low of $18.80 and a one year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $38.44 million during the quarter, compared to analysts' expectations of $34.51 million. The company's quarterly revenue was up 38.2% compared to the same quarter last year. Research analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.71%. The ex-dividend date of this dividend was Friday, March 14th.

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.