Marshall Wace LLP Invests $1.09 Million in Curbline Properties (NYSE:CURB)

Marshall Wace LLP acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 46,809 shares of the company's stock, valued at approximately $1,087,000.

A number of other hedge funds also recently made changes to their positions in CURB. GAMMA Investing LLC purchased a new position in Curbline Properties during the fourth quarter valued at approximately $29,000. Smartleaf Asset Management LLC purchased a new position in shares of Curbline Properties during the 4th quarter valued at $31,000. Quadrant Capital Group LLC bought a new position in Curbline Properties in the 4th quarter worth $31,000. Covestor Ltd increased its stake in 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. Finally, Mirae Asset Global Investments Co. Ltd. purchased a new stake in Curbline Properties in the 4th quarter worth $62,000.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CURB shares. Piper Sandler upped 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. Morgan Stanley dropped their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Finally, Compass Point lifted their price objective on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $25.68.

Curbline Properties Price Performance

CURB stock traded up $0.37 during trading on Friday, hitting $23.55. 363,899 shares of the company's stock traded hands, compared to its average volume of 756,765. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69. The business has a fifty day simple moving average of $23.45 and a 200 day simple moving average of $23.68.

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

Curbline Properties Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.72%. The ex-dividend date was Friday, March 14th.

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.