T. Rowe Price Investment Management Inc. Buys Shares of 5,149,338 Curbline Properties (NYSE:CURB)

T. Rowe Price Investment Management Inc. acquired a new position in Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 5,149,338 shares of the company's stock, valued at approximately $119,568,000. T. Rowe Price Investment Management Inc. owned approximately 4.90% of Curbline Properties as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new position in shares of Curbline Properties during the 4th quarter worth about $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties during the fourth quarter valued at approximately $31,000. Quadrant Capital Group LLC bought a new position in Curbline Properties in the fourth quarter valued at approximately $31,000. Covestor Ltd grew its stake in Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of Curbline Properties during the 4th quarter worth approximately $62,000.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CURB shares. Morgan Stanley dropped their price target 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. Piper Sandler upped their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $25.68.

Curbline Properties Stock Performance

NYSE CURB traded down $0.17 on Wednesday, reaching $22.72. The stock had a trading volume of 96,220 shares, compared to its average volume of 758,895. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The firm has a fifty day moving average of $23.50 and a two-hundred day moving average of $23.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million for the quarter, compared to the consensus estimate of $34.51 million. The firm's revenue for the quarter was up 38.2% compared to the same quarter last year. On average, equities analysts forecast that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date of this dividend 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.