The Manufacturers Life Insurance Company Invests $1.19 Million in Curbline Properties (NYSE:CURB)

The Manufacturers Life Insurance Company purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor purchased 51,383 shares of the company's stock, valued at approximately $1,193,000.

Several other large investors have also recently added to or reduced their stakes in CURB. Amundi acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $1,194,000. Nisa Investment Advisors LLC acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $811,000. Invesco Ltd. acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $10,183,000. Rhumbline Advisers acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $6,986,000. Finally, Corebridge Financial Inc. acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $1,174,000.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Morgan Stanley lowered their target price 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. Piper Sandler raised their target price on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note 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 research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Stock Performance

CURB stock traded up $0.19 during midday trading on Friday, reaching $23.69. The company had a trading volume of 264,602 shares, compared to its average volume of 731,159. The stock has a 50 day moving average price of $23.28 and a 200 day moving average price of $23.71. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. The business's quarterly revenue was up 38.2% compared to the same quarter last year. As a group, analysts anticipate that Curbline Properties will post 1 EPS for the current 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. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 2.70%.

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.