Proficio Capital Partners LLC Takes Position in Curbline Properties (NYSE:CURB)

Proficio Capital Partners LLC acquired a new stake in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, Holdings Channel.com reports. The institutional investor acquired 11,796 shares of the company’s stock, valued at approximately $274,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Victory Capital Management Inc. bought a new stake in Curbline Properties in the 4th quarter worth approximately $25,977,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Curbline Properties in the fourth quarter worth $39,792,000. Smartleaf Asset Management LLC purchased a new stake in Curbline Properties during the fourth quarter valued at $31,000. Aew Capital Management L P bought a new position in Curbline Properties in the fourth quarter valued at about $14,179,000. Finally, Metis Global Partners LLC bought a new position in Curbline Properties in the fourth quarter valued at about $251,000.

Curbline Properties Price Performance

Shares of NYSE CURB opened at $23.70 on Thursday. Curbline Properties has a 1 year low of $20.16 and a 1 year high of $25.69. The stock has a fifty day moving average price of $24.22.

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

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.70%.

Analyst Ratings Changes

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