D. E. Shaw & Co. Inc. Invests $541,000 in Curbline Properties (NYSE:CURB)

D. E. Shaw & Co. Inc. acquired a new position in Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 23,313 shares of the company’s stock, valued at approximately $541,000.

Other hedge funds also recently bought and sold shares of the company. Covestor Ltd boosted its position in Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock worth $37,000 after purchasing an additional 1,268 shares during the last quarter. Quadrant Capital Group LLC bought a new position in shares of Curbline Properties in the 4th quarter worth approximately $31,000. Smartleaf Asset Management LLC purchased a new position in shares of Curbline Properties in the fourth quarter worth approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Curbline Properties in the fourth quarter worth approximately $62,000. Finally, Sterling Capital Management LLC purchased a new stake in Curbline Properties during the fourth quarter valued at approximately $69,000.

Curbline Properties Stock Performance

CURB opened at $22.28 on Monday. The firm’s fifty day moving average is $23.19 and its 200 day moving average is $23.69. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. The business’s revenue for the quarter was up 38.2% compared to the same quarter last year. Equities analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 2.87%.

Analyst Upgrades and Downgrades

CURB has been the topic of several analyst reports. Piper Sandler lifted their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Compass Point boosted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley decreased their price objective on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Curbline Properties has an average rating of “Hold” and a consensus price target of $25.68.

Curbline Properties 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.