Millennium Management LLC Grows Position in Curbline Properties (NYSE:CURB)

Millennium Management LLC lifted its position in shares of Curbline Properties (NYSE:CURB) by 1,130.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 1,504,921 shares of the company’s stock after purchasing an additional 1,382,630 shares during the quarter. Millennium Management LLC’s holdings in Curbline Properties were worth $34,944,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Covestor Ltd grew its stake in Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock worth $37,000 after buying an additional 1,268 shares during the period. Quadrant Capital Group LLC acquired a new position in shares of Curbline Properties during the 4th quarter valued at $31,000. Smartleaf Asset Management LLC acquired a new position in shares of Curbline Properties during the 4th quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Curbline Properties during the 4th quarter worth $62,000. Finally, Sterling Capital Management LLC acquired a new stake in Curbline Properties in the 4th quarter valued at $69,000.

Curbline Properties Price Performance

NYSE:CURB opened at $23.69 on Monday. The firm has a 50-day moving average of $23.28 and a two-hundred day moving average of $23.72. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting the consensus estimate of $0.24. The business had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, research analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.70%. The ex-dividend date is Wednesday, June 18th.

Wall Street Analyst Weigh In

CURB has been the topic of several research reports. Morgan Stanley cut their price objective on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a report on Wednesday, February 12th. 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 stock. Based on data from MarketBeat.com, Curbline Properties presently has an average rating of “Hold” and an average target price of $25.68.

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.