New York State Teachers Retirement System Makes New Investment in Curbline Properties (NYSE:CURB)

New York State Teachers Retirement System acquired a new position in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 26,968 shares of the company's stock, valued at approximately $626,000.

A number of other hedge funds have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. bought a new stake in shares of Curbline Properties during the 4th quarter valued at $18,320,000. abrdn plc purchased a new stake in Curbline Properties in the 4th quarter worth $16,081,000. Asset Management One Co. Ltd. bought a new position in shares of Curbline Properties in the fourth quarter worth about $3,260,000. State of Alaska Department of Revenue purchased a new stake in shares of Curbline Properties during the fourth quarter worth about $2,302,000. Finally, Waterfront Capital Partners LLC bought a new stake in Curbline Properties during the 3rd quarter valued at approximately $1,460,000.

Analysts Set New Price Targets

CURB has been the subject of a number of research analyst reports. Piper Sandler increased their price objective 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. 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 target price for the company. Finally, Compass Point boosted their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a research note 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 MarketBeat, Curbline Properties presently has an average rating of "Hold" and an average price target of $25.82.

Curbline Properties Stock Up 0.6 %

Shares of NYSE:CURB traded up $0.15 on Friday, reaching $24.57. The company's stock had a trading volume of 1,798,331 shares, compared to its average volume of 538,031. Curbline Properties has a 52-week low of $18.80 and a 52-week high of $25.69. The business has a 50-day moving average price of $24.02.

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 the consensus estimate of $0.22 by $0.01. On average, analysts expect 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 paid a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.60%. The ex-dividend date is Friday, March 14th.

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.