Arizona State Retirement System Takes Position in Curbline Properties (NYSE:CURB)

Arizona State Retirement System purchased a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 27,389 shares of the company's stock, valued at approximately $636,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $62,000. KBC Group NV purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $89,000. Finally, Y Intercept Hong Kong Ltd purchased a new stake in shares of Curbline Properties in the fourth quarter valued at about $216,000.

Wall Street Analyst Weigh In

CURB has been the subject of a number of research reports. Compass Point upped their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler upped their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Five research 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.com, Curbline Properties currently has an average rating of "Hold" and a consensus price target of $25.82.

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Curbline Properties Stock Performance

NYSE:CURB traded up $0.41 during trading hours on Tuesday, hitting $24.05. The company's stock had a trading volume of 806,698 shares, compared to its average volume of 709,921. The company has a 50-day moving average price of $24.16. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.01. On average, analysts predict that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date of this dividend is 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.