Invesco Ltd. Makes New $10.18 Million Investment in Curbline Properties (NYSE:CURB)

Invesco Ltd. bought a new stake in Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 438,539 shares of the company’s stock, valued at approximately $10,183,000. Invesco Ltd. owned about 0.42% of Curbline Properties at the end of the most recent reporting period.

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

Curbline Properties Stock Up 1.4 %

NYSE:CURB opened at $23.04 on Wednesday. The business’s 50-day moving average price is $23.65 and its 200 day moving average price is $23.71. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. On average, equities analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.78%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CURB. Compass Point lifted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Piper Sandler lifted their price objective 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, Morgan Stanley began coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Curbline Properties presently has an average rating of “Hold” and a consensus price target 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.