New York State Common Retirement Fund Invests $670,000 in Curbline Properties (NYSE:CURB)

New York State Common Retirement Fund purchased a new position in shares of Curbline Properties (NYSE:CURB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 28,854 shares of the company’s stock, valued at approximately $670,000.

Several other large investors have also modified their holdings of CURB. Waterfront Capital Partners LLC purchased a new stake in shares of Curbline Properties during the third quarter worth approximately $1,460,000. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $29,000. Pensionfund Sabic purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $232,000. Perpetual Ltd purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $438,000. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $811,000.

Curbline Properties Trading Down 1.0 %

Shares of CURB stock opened at $24.38 on Tuesday. The business’s fifty day simple moving average is $24.08. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69.

Curbline Properties (NYSE:CURB) last posted its earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities analysts predict that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently announced 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. This represents a $0.64 annualized dividend and a yield of 2.63%. The ex-dividend date is Friday, March 14th.

Analyst Ratings Changes

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