Curbline Properties (NYSE:CURB) Shares Purchased by Legal & General Group Plc

Legal & General Group Plc grew its stake in shares of Curbline Properties (NYSE:CURB - Free Report) by 7,044.5% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 636,005 shares of the company's stock after buying an additional 627,103 shares during the period. Legal & General Group Plc owned 0.61% of Curbline Properties worth $14,768,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Curbline Properties during the fourth quarter worth approximately $29,000. Quadrant Capital Group LLC purchased a new stake in Curbline Properties during the 4th quarter worth $31,000. Smartleaf Asset Management LLC acquired a new stake in Curbline Properties in the 4th quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties in the fourth quarter valued at about $62,000. Finally, Vestcor Inc acquired a new position in shares of Curbline Properties during the fourth quarter worth about $73,000.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on the company. Morgan Stanley started coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price target for the company. Compass Point raised their price target on shares of 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 boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Five equities 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, Curbline Properties presently has a consensus rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Price Performance

Shares of CURB traded down $0.10 during mid-day trading on Monday, hitting $23.08. The stock had a trading volume of 26,619 shares, compared to its average volume of 756,694. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The company's fifty day simple moving average is $23.73 and its two-hundred day simple moving average is $23.72.

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

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.77%.

Curbline Properties Company 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.