Teacher Retirement System of Texas Buys Shares of 165,883 Curbline Properties (NYSE:CURB)

Teacher Retirement System of Texas purchased a new position in Curbline Properties (NYSE:CURB - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 165,883 shares of the company's stock, valued at approximately $3,852,000. Teacher Retirement System of Texas owned about 0.16% of Curbline Properties at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the stock. Maryland State Retirement & Pension System purchased a new stake in Curbline Properties during the fourth quarter valued at $739,000. Intech Investment Management LLC purchased a new stake in Curbline Properties in the 4th quarter worth $761,000. Thrivent Financial for Lutherans bought a new stake in Curbline Properties during the 4th quarter valued at approximately $3,355,000. Cibc World Markets Corp purchased a new position in shares of Curbline Properties in the fourth quarter worth $206,000. Finally, Natixis Advisors LLC bought a new position in shares of Curbline Properties during the 4th quarter valued at about $1,792,000.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on CURB shares. Compass Point increased their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, February 12th. Piper Sandler boosted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $25.82.

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Curbline Properties Stock Performance

Shares of NYSE CURB traded down $0.20 during midday trading on Friday, reaching $23.85. 420,224 shares of the company's stock traded hands, compared to its average volume of 748,707. The stock's 50 day moving average is $24.23. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its 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. On average, analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 yield of 2.68%.

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.