Bank of Montreal Can Makes New Investment in Curbline Properties (NYSE:CURB)

Bank of Montreal Can purchased a new stake in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 11,168 shares of the company’s stock, valued at approximately $259,000.

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

Analyst Ratings Changes

A number of research firms have recently issued reports on CURB. Morgan Stanley dropped their price target on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday. Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Finally, Piper Sandler boosted their price target on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $25.68.

Curbline Properties Stock Performance

Shares of CURB stock opened at $23.01 on Friday. Curbline Properties has a one year low of $20.16 and a one year high of $25.69. The company’s fifty day moving average price is $23.59 and its 200-day moving average price is $23.70.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Equities research analysts predict 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. Shareholders of record on Friday, March 14th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.78%. The ex-dividend date was Friday, March 14th.

About Curbline Properties

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.