APG Asset Management US Inc. Has $15.19 Million Position in Curbline Properties (NYSE:CURB)

APG Asset Management US Inc. cut its stake in shares of Curbline Properties (NYSE:CURB) by 14.9% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 654,348 shares of the company’s stock after selling 114,520 shares during the quarter. APG Asset Management US Inc. owned 0.62% of Curbline Properties worth $15,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in CURB. Vanguard Group Inc. bought a new stake in shares of Curbline Properties during the fourth quarter worth $343,497,000. FMR LLC acquired a new position in Curbline Properties in the 4th quarter worth about $323,575,000. Geode Capital Management LLC bought a new stake in shares of Curbline Properties during the fourth quarter worth about $54,894,000. Daiwa Securities Group Inc. acquired a new position in shares of Curbline Properties in the fourth quarter valued at approximately $47,214,000. Finally, Charles Schwab Investment Management Inc. acquired a new stake in Curbline Properties during the 4th quarter worth approximately $39,792,000.

Analyst Ratings Changes

CURB has been the subject of several analyst reports. Compass Point raised their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Morgan Stanley assumed coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target on the stock. Finally, 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 report on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Performance

Curbline Properties stock opened at $21.54 on Wednesday. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The company’s fifty day moving average is $24.09.

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

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date was Friday, March 14th.

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.