Lasalle Investment Management Securities LLC Purchases Shares of 753,237 Curbline Properties (NYSE:CURB)

Lasalle Investment Management Securities LLC bought a new stake in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 753,237 shares of the company's stock, valued at approximately $17,490,000. Curbline Properties accounts for about 0.7% of Lasalle Investment Management Securities LLC's holdings, making the stock its 29th biggest holding. Lasalle Investment Management Securities LLC owned about 0.72% of Curbline Properties at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in CURB. Amundi acquired a new stake in shares of Curbline Properties during the 4th quarter worth approximately $1,194,000. Nisa Investment Advisors LLC acquired a new position in Curbline Properties during the fourth quarter worth about $811,000. Rhumbline Advisers bought a new position in shares of Curbline Properties in the fourth quarter worth about $6,986,000. Corebridge Financial Inc. acquired a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $1,174,000. Finally, Victory Capital Management Inc. acquired a new position in Curbline Properties during the 4th quarter worth approximately $25,977,000.

Analyst Upgrades and Downgrades

CURB has been the topic of a number of research reports. Piper Sandler boosted their target price 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. 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, Morgan Stanley lowered their target price on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Curbline Properties has an average rating of "Hold" and an average price target of $25.68.

Curbline Properties Stock Up 0.5 %

CURB traded up $0.12 during midday trading on Friday, hitting $23.17. 386,064 shares of the company were exchanged, compared to its average volume of 762,525. The firm's 50 day moving average price is $23.59 and its 200-day moving average price is $23.70. 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 Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. On average, analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Friday, March 14th.

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.