Oregon Public Employees Retirement Fund Acquires New Position in Curbline Properties (NYSE:CURB)

Oregon Public Employees Retirement Fund bought a new stake in Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 22,274 shares of the company's stock, valued at approximately $517,000.

A number of other large investors have also modified their holdings of CURB. Sumitomo Mitsui Trust Group Inc. acquired a new stake in Curbline Properties during the fourth quarter valued at approximately $18,320,000. Bank of New York Mellon Corp acquired a new stake in Curbline Properties in the 4th quarter valued at $16,013,000. abrdn plc bought a new stake in Curbline Properties in the fourth quarter valued at $16,081,000. Principal Financial Group Inc. acquired a new position in Curbline Properties during the fourth quarter worth $12,606,000. Finally, Rhumbline Advisers bought a new position in shares of Curbline Properties during the fourth quarter valued at $6,986,000.

Curbline Properties Trading Down 1.0 %

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

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results 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, research analysts predict that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be paid a $0.16 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.63%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on CURB shares. Compass Point upped their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler upped their price objective 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. Finally, Morgan Stanley assumed coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $25.82.

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.