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

Millennium Management LLC raised its stake in Curbline Properties (NYSE:CURB) by 1,130.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,504,921 shares of the company’s stock after buying an additional 1,382,630 shares during the period. Millennium Management LLC owned approximately 1.43% of Curbline Properties worth $34,944,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in CURB. Amundi acquired a new stake in Curbline Properties in the 4th quarter valued at about $1,194,000. Nisa Investment Advisors LLC purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $811,000. Invesco Ltd. acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $10,183,000. Rhumbline Advisers purchased a new position in shares of Curbline Properties during the 4th quarter worth approximately $6,986,000. Finally, Corebridge Financial Inc. acquired a new position in shares of Curbline Properties during the 4th quarter worth approximately $1,174,000.

Curbline Properties Trading Up 0.8%

Curbline Properties stock opened at $23.69 on Monday. The stock has a fifty day moving average price of $23.28 and a 200 day moving average price of $23.72. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. The business’s revenue for the quarter was up 38.2% on a year-over-year basis. On average, analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

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

Analysts Set New Price Targets

A number of equities research analysts have commented on CURB shares. Morgan Stanley lowered their target price on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th. Compass Point increased their price objective on 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 lifted their price objective 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 investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Curbline Properties presently has a consensus rating of “Hold” and a consensus price target 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.