Maryland State Retirement & Pension System Makes New Investment in Curbline Properties (NYSE:CURB)

Maryland State Retirement & Pension System bought a new stake in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 31,842 shares of the company's stock, valued at approximately $739,000.

A number of other large investors have also recently made changes to their positions in CURB. Nisa Investment Advisors LLC acquired a new position in Curbline Properties in the 4th quarter valued at about $811,000. Amundi acquired a new stake in Curbline Properties in the fourth quarter valued at about $1,194,000. Rhumbline Advisers purchased a new stake in Curbline Properties in the 4th quarter valued at approximately $6,986,000. Victory Capital Management Inc. acquired a new position in Curbline Properties during the 4th quarter worth approximately $25,977,000. Finally, Sumitomo Mitsui DS Asset Management Company Ltd purchased a new position in shares of Curbline Properties during the 4th quarter worth approximately $377,000.

Curbline Properties Price Performance

Shares of NYSE CURB traded down $0.20 during midday trading on Friday, hitting $23.85. The stock had a trading volume of 420,224 shares, compared to its average volume of 748,707. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69. The business has a fifty day moving average of $24.23.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 EPS 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.

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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 issued 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%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Compass Point increased 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. Morgan Stanley started coverage on Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price objective on the stock. Finally, Piper Sandler lifted their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $25.82.

Curbline Properties Company 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.