Diamond Hill Capital Management Inc. Buys New Shares in Curbline Properties (NYSE:CURB)

Diamond Hill Capital Management Inc. bought a new stake in shares of Curbline Properties (NYSE:CURB) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 81,966 shares of the company’s stock, valued at approximately $1,903,000.

Several other institutional investors and hedge funds also recently bought and sold shares of CURB. GAMMA Investing LLC purchased a new position in Curbline Properties during the fourth quarter valued at $29,000. Smartleaf Asset Management LLC purchased a new position in Curbline Properties during the fourth quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in Curbline Properties during the fourth quarter valued at $62,000. Vestcor Inc purchased a new position in Curbline Properties during the fourth quarter valued at $73,000. Finally, KBC Group NV purchased a new position in Curbline Properties during the fourth quarter valued at $89,000.

Curbline Properties Trading Up 0.4 %

NYSE:CURB opened at $23.34 on Friday. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The stock has a 50-day moving average price of $24.14.

Curbline Properties (NYSE:CURB) last posted its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. On average, equities research analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be given 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 dividend yield of 2.74%.

Wall Street Analysts Forecast Growth

CURB has been the topic of several analyst reports. Piper Sandler lifted their target price on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Wednesday, February 12th. Compass Point boosted their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective 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, Curbline Properties presently has a consensus rating of “Hold” and a consensus target price of $25.82.

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.