Fisher Asset Management LLC lowered its position in shares of Curbline Properties Corp. (NYSE:CURB – Free Report) by 6.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 486,657 shares of the company’s stock after selling 30,809 shares during the quarter. Fisher Asset Management LLC owned 0.46% of Curbline Properties worth $10,852,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in CURB. State Street Corp grew its position in Curbline Properties by 1.9% during the 2nd quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Curbline Properties by 1.4% in the second quarter. Geode Capital Management LLC now owns 2,460,496 shares of the company’s stock valued at $56,180,000 after purchasing an additional 34,770 shares in the last quarter. Prudential Financial Inc. boosted its position in shares of Curbline Properties by 9.3% in the second quarter. Prudential Financial Inc. now owns 2,292,128 shares of the company’s stock worth $52,329,000 after buying an additional 194,918 shares during the period. Daiwa Securities Group Inc. grew its holdings in shares of Curbline Properties by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 2,216,074 shares of the company’s stock valued at $50,593,000 after buying an additional 7,668 shares in the last quarter. Finally, Balyasny Asset Management L.P. raised its position in Curbline Properties by 36.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock valued at $49,414,000 after buying an additional 577,037 shares during the period.
Curbline Properties Trading Up 0.0%
Shares of NYSE CURB opened at $28.36 on Thursday. The business has a 50 day simple moving average of $25.04 and a 200 day simple moving average of $23.73. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $28.65. The stock has a market cap of $2.99 billion, a price-to-earnings ratio of 74.63 and a beta of 0.27. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.14 and a current ratio of 1.14.
Curbline Properties Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th will be issued a $0.17 dividend. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date is Wednesday, March 18th. Curbline Properties’s dividend payout ratio is currently 168.42%.
Analyst Upgrades and Downgrades
A number of brokerages have commented on CURB. Truist Financial set a $27.00 price objective on Curbline Properties in a research report on Tuesday, January 20th. UBS Group set a $27.00 price target on shares of Curbline Properties in a report on Thursday, December 4th. Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research report on Monday, January 12th. Weiss Ratings upgraded shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Finally, Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and lifted their target price for the company from $25.00 to $27.00 in a research note on Wednesday, November 19th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curbline Properties currently has an average rating of “Moderate Buy” and an average target price of $27.63.
View Our Latest Analysis on CURB
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.
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