Daiwa Securities Group Inc. Acquires New Stake in Curbline Properties (NYSE:CURB)

Daiwa Securities Group Inc. bought a new position in Curbline Properties (NYSE:CURB) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,033,334 shares of the company’s stock, valued at approximately $47,214,000. Daiwa Securities Group Inc. owned about 1.94% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CURB. Waterfront Capital Partners LLC bought a new position in shares of Curbline Properties in the 3rd quarter worth approximately $1,460,000. GAMMA Investing LLC purchased a new stake in Curbline Properties during the fourth quarter valued at approximately $29,000. Pensionfund Sabic bought a new position in Curbline Properties in the fourth quarter worth approximately $232,000. Perpetual Ltd purchased a new position in shares of Curbline Properties during the 4th quarter worth $438,000. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Curbline Properties during the 4th quarter valued at $811,000.

Curbline Properties Trading Down 0.3 %

Shares of CURB opened at $23.94 on Monday. The company has a fifty day moving average price of $24.11. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. On average, equities research analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be issued a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.67%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on CURB shares. Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, February 12th. Piper Sandler raised their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley initiated coverage on Curbline Properties in a research note on Wednesday, January 29th. They set an “equal weight” rating and a $27.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company 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.