50,900 Shares in Curbline Properties (NYSE:CURB) Bought by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 50,900 shares of the company's stock, valued at approximately $1,182,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Teacher Retirement System of Texas purchased a new position in Curbline Properties during the fourth quarter worth approximately $3,852,000. Maryland State Retirement & Pension System acquired a new stake in shares of Curbline Properties during the 4th quarter worth $739,000. Intech Investment Management LLC purchased a new position in shares of Curbline Properties in the 4th quarter worth $761,000. Thrivent Financial for Lutherans acquired a new position in Curbline Properties in the fourth quarter valued at $3,355,000. Finally, Cibc World Markets Corp acquired a new position in Curbline Properties in the fourth quarter valued at $206,000.

Analyst Upgrades and Downgrades

Several brokerages have commented on CURB. Piper Sandler upped their price target on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. 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 report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Curbline Properties has an average rating of "Hold" and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of NYSE:CURB traded down $0.20 during mid-day trading on Friday, hitting $23.85. 420,224 shares of the company traded hands, compared to its average volume of 748,707. The stock's 50 day moving average price is $24.23. 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 posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a yield of 2.68%.

Curbline Properties 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.