Resona Asset Management Co. Ltd. Buys Shares of 37,962 Curbline Properties (NYSE:CURB)

Resona Asset Management Co. Ltd. purchased a new position in shares of Curbline Properties (NYSE:CURB) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 37,962 shares of the company’s stock, valued at approximately $891,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC acquired a new stake in Curbline Properties during the 4th quarter worth approximately $29,000. Pensionfund Sabic acquired a new position in shares of Curbline Properties during the fourth quarter worth $232,000. Perpetual Ltd acquired a new position in shares of Curbline Properties during the fourth quarter worth $438,000. Nisa Investment Advisors LLC bought a new stake in shares of Curbline Properties in the fourth quarter worth $811,000. Finally, SG Americas Securities LLC acquired a new stake in Curbline Properties in the fourth quarter valued at $316,000.

Curbline Properties Stock Down 1.6 %

NYSE CURB opened at $22.01 on Friday. The business’s 50 day simple moving average is $23.95. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. As a group, 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. Stockholders of record on Friday, March 14th were issued a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.91%.

Analyst Ratings Changes

Several research analysts have commented on the company. Piper Sandler lifted their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Compass Point lifted their price objective on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.82.

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.