JPMorgan Chase & Co. Invests $28.31 Million in Curbline Properties (NYSE:CURB)

JPMorgan Chase & Co. acquired a new stake in Curbline Properties (NYSE:CURB) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 1,219,330 shares of the company’s stock, valued at approximately $28,313,000. JPMorgan Chase & Co. owned about 1.16% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in CURB. Nisa Investment Advisors LLC purchased a new stake in shares of Curbline Properties in the 4th quarter valued at about $811,000. Amundi acquired a new position in shares of Curbline Properties in the 4th quarter valued at $1,194,000. Rhumbline Advisers purchased a new stake in Curbline Properties in the 4th quarter valued at $6,986,000. Victory Capital Management Inc. acquired a new stake in Curbline Properties during the 4th quarter worth $25,977,000. Finally, Corebridge Financial Inc. purchased a new position in Curbline Properties during the 4th quarter worth $1,174,000.

Curbline Properties Price Performance

NYSE:CURB opened at $21.54 on Wednesday. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The business has a fifty day simple moving average of $24.09.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. As a group, sell-side analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Investors of record on Friday, March 14th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.97%. The ex-dividend date was Friday, March 14th.

Analysts Set New Price Targets

A number of research firms recently issued reports on CURB. Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price target on the stock. Compass Point boosted their target price on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Piper Sandler upped their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” 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 stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $25.82.

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.