Schonfeld Strategic Advisors LLC Invests $13.68 Million in Curbline Properties (NYSE:CURB)

Schonfeld Strategic Advisors LLC purchased a new stake in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 589,053 shares of the company’s stock, valued at approximately $13,678,000.

Several other hedge funds have also made changes to their positions in CURB. Covestor Ltd lifted its holdings in shares of Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock valued at $37,000 after purchasing an additional 1,268 shares in the last quarter. GAMMA Investing LLC acquired a new position in Curbline Properties during the fourth quarter valued at $29,000. Quadrant Capital Group LLC purchased a new stake in Curbline Properties in the 4th quarter worth about $31,000. Smartleaf Asset Management LLC acquired a new stake in Curbline Properties during the 4th quarter worth about $31,000. Finally, Mirae Asset Global Investments Co. Ltd. acquired a new stake in Curbline Properties during the 4th quarter worth about $62,000.

Curbline Properties Trading Down 1.4 %

NYSE CURB opened at $22.86 on Wednesday. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The company has a 50 day moving average price of $23.50 and a two-hundred day moving average price of $23.69.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting 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 firm’s revenue was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were paid a dividend of $0.16 per share. The ex-dividend date was Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.80%.

Analysts Set New Price Targets

CURB has been the topic of a number of research reports. Morgan Stanley dropped 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 upped their price objective 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. Finally, Piper Sandler lifted their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, Curbline Properties currently has an average rating of “Hold” and a consensus target price of $25.68.

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.