Curbline Properties (NYSE:CURB) Position Lessened by Mercer Global Advisors Inc. ADV

Mercer Global Advisors Inc. ADV reduced its holdings in Curbline Properties (NYSE:CURB) by 8.0% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,822 shares of the company’s stock after selling 857 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in Curbline Properties were worth $228,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CURB. Perpetual Ltd acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $438,000. Nisa Investment Advisors LLC acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $811,000. SG Americas Securities LLC acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $316,000. KBC Group NV acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $89,000. Finally, abrdn plc acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $16,081,000.

Analysts Set New Price Targets

Several analysts recently commented on the company. 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 report on Wednesday, February 12th. Morgan Stanley lowered their price target on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Finally, Compass Point lifted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.68.

Curbline Properties Trading Up 0.8%

Shares of CURB stock opened at $23.69 on Friday. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The business’s fifty day moving average is $23.28 and its 200-day moving average is $23.71.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate 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% on a year-over-year basis. As a group, sell-side analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.70%. The ex-dividend date of this dividend is Wednesday, June 18th.

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.