Intech Investment Management LLC Invests $761,000 in Curbline Properties (NYSE:CURB)

Intech Investment Management LLC bought a new stake in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,780 shares of the company’s stock, valued at approximately $761,000.

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new position in Curbline Properties in the fourth quarter valued at $29,000. Smartleaf Asset Management LLC acquired a new stake in shares of Curbline Properties during the 4th quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Curbline Properties during the 4th quarter valued at about $62,000. Vestcor Inc purchased a new position in shares of Curbline Properties in the 4th quarter valued at about $73,000. Finally, KBC Group NV acquired a new position in Curbline Properties in the 4th quarter worth about $89,000.

Curbline Properties Stock Performance

Shares of CURB stock opened at $23.28 on Monday. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69. The company has a fifty day moving average price of $24.21.

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

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.75%. The ex-dividend date is Friday, March 14th.

Analyst Upgrades and Downgrades

CURB has been the topic of several research analyst reports. Morgan Stanley initiated coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective on the stock. Compass Point lifted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler upped their price objective on shares of 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. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $25.82.

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.