Bessemer Group Inc. Acquires Shares of 4,112 Curbline Properties (NYSE:CURB)

Bessemer Group Inc. bought a new position in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 4,112 shares of the company’s stock, valued at approximately $96,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Group Inc. purchased a new position in Curbline Properties during the 4th quarter worth $343,497,000. FMR LLC purchased a new position in shares of Curbline Properties during the fourth quarter valued at $323,575,000. Geode Capital Management LLC bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $54,894,000. Daiwa Securities Group Inc. bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $47,214,000. Finally, Charles Schwab Investment Management Inc. purchased a new stake in Curbline Properties in the fourth quarter worth about $39,792,000.

Wall Street Analyst Weigh In

CURB has been the subject of several recent research reports. Compass Point boosted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. Morgan Stanley started coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, Piper Sandler boosted their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Curbline Properties presently has an average rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of CURB stock opened at $23.16 on Friday. The stock’s fifty day moving average price is $23.77 and its 200 day moving average price is $23.70. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Sell-side analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.76%.

Curbline Properties Company 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.