MetLife Investment Management LLC Buys New Stake in Curbline Properties (NYSE:CURB)

MetLife Investment Management LLC bought a new position in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 60,929 shares of the company's stock, valued at approximately $1,415,000. MetLife Investment Management LLC owned approximately 0.06% of Curbline Properties at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of CURB. Vanguard Group Inc. bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $343,497,000. FMR LLC bought a new position in Curbline Properties in the fourth quarter worth approximately $323,575,000. Geode Capital Management LLC purchased a new stake in Curbline Properties during the fourth quarter worth $54,894,000. Daiwa Securities Group Inc. bought a new stake in Curbline Properties during the 4th quarter valued at $47,214,000. Finally, Cohen & Steers Inc. purchased a new position in shares of Curbline Properties in the 4th quarter valued at $45,971,000.

Curbline Properties Trading Down 0.1 %

Shares of NYSE CURB traded down $0.03 during midday trading on Tuesday, reaching $23.35. The company had a trading volume of 37,169 shares, compared to its average volume of 748,805. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The business's 50-day simple moving average is $23.40 and its 200 day simple moving average is $23.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The company's revenue was up 38.2% on a year-over-year basis. On average, analysts forecast that Curbline Properties will post 1 earnings per share for the current 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 paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend was Friday, March 14th.

Analyst Upgrades and Downgrades

A number of equities research analysts 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. Compass Point increased their price target 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. Finally, Morgan Stanley cut their price objective on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.68.

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.