Northern Trust Corp Increases Stock Position in Curbline Properties (NYSE:CURB)

Northern Trust Corp lifted its holdings in shares of Curbline Properties (NYSE:CURB - Free Report) by 2,582.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,360,627 shares of the company's stock after buying an additional 1,309,909 shares during the period. Northern Trust Corp owned about 1.30% of Curbline Properties worth $31,594,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of CURB. GAMMA Investing LLC acquired a new stake in Curbline Properties during the fourth quarter worth approximately $29,000. Quadrant Capital Group LLC bought a new position in shares of Curbline Properties during the fourth quarter worth approximately $31,000. Smartleaf Asset Management LLC bought a new position in shares of Curbline Properties during the fourth quarter worth approximately $31,000. Covestor Ltd increased its holdings in shares of Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after purchasing an additional 1,268 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Curbline Properties during the fourth quarter worth approximately $62,000.

Curbline Properties Trading Up 0.7%

Shares of NYSE:CURB traded up $0.16 during midday trading on Friday, hitting $23.66. 57,246 shares of the company's stock were exchanged, compared to its average volume of 616,282. The stock has a 50 day moving average price of $23.29 and a 200-day moving average price of $23.70. Curbline Properties has a 12 month low of $18.80 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting 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 business's revenue was up 38.2% compared to the same quarter last year. As a group, equities research analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.71%. The ex-dividend date of this dividend is Wednesday, June 18th.

Wall Street Analyst Weigh In

CURB has been the topic of a number of recent analyst reports. Morgan Stanley decreased 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 note on Thursday, April 24th. Compass Point raised their target price 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, 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 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. Based on data from MarketBeat, Curbline Properties presently has an average rating of "Hold" and a consensus price target of $25.68.

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.