Wells Fargo & Company MN Takes Position in Curbline Properties (NYSE:CURB)

Wells Fargo & Company MN bought a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 56,661 shares of the company's stock, valued at approximately $1,316,000. Wells Fargo & Company MN owned 0.05% of Curbline Properties as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Resona Asset Management Co. Ltd. purchased a new position in shares of Curbline Properties during the 4th quarter valued at $891,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Curbline Properties during the 4th quarter valued at about $424,000. GSI Capital Advisors LLC bought a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $3,852,000. Geode Capital Management LLC acquired a new position in Curbline Properties in the fourth quarter worth approximately $54,894,000. Finally, Franklin Resources Inc. bought a new position in Curbline Properties during the fourth quarter valued at approximately $5,178,000.

Curbline Properties Trading Down 0.3 %

Shares of CURB traded down $0.06 during mid-day trading on Wednesday, reaching $22.83. The company had a trading volume of 539,061 shares, compared to its average volume of 761,907. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69. The company's 50-day moving average is $23.50 and its 200-day moving average is $23.69.

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

Curbline Properties Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a $0.16 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.80%.

Analyst Ratings Changes

Several research analysts have recently commented on CURB shares. Compass Point increased their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 12th. Morgan Stanley reduced their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research report on Thursday, April 24th. Finally, Piper Sandler increased their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $25.68.

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.