Illinois Municipal Retirement Fund Buys Shares of 51,091 Curbline Properties (NYSE:CURB)

Illinois Municipal Retirement Fund bought a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 51,091 shares of the company's stock, valued at approximately $1,186,000.

Several other institutional investors also recently made changes to their positions in the stock. Los Angeles Capital Management LLC acquired a new stake in shares of Curbline Properties during the 4th quarter valued at approximately $241,000. Amalgamated Bank acquired a new position in Curbline Properties during the fourth quarter worth $650,000. Bank of New York Mellon Corp purchased a new stake in Curbline Properties during the fourth quarter worth $16,013,000. Y Intercept Hong Kong Ltd acquired a new stake in Curbline Properties in the fourth quarter valued at $216,000. Finally, TCW Group Inc. purchased a new position in shares of Curbline Properties in the fourth quarter valued at $2,803,000.

Wall Street Analyst Weigh In

CURB has been the topic of several recent research reports. Piper Sandler boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley began 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 objective for the company. Finally, Compass Point upped their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, February 12th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $25.82.

Curbline Properties Price Performance

CURB traded down $0.25 during midday trading on Monday, hitting $24.38. The company's stock had a trading volume of 497,027 shares, compared to its average volume of 714,731. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69. The firm has a 50-day simple moving average of $24.06.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. Equities research analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.63%. 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.