Arizona State Retirement System Purchases Shares of 27,389 Curbline Properties (NYSE:CURB)

Arizona State Retirement System acquired a new position in Curbline Properties (NYSE:CURB) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 27,389 shares of the company’s stock, valued at approximately $636,000.

Several other large investors have also modified their holdings of the company. Nisa Investment Advisors LLC bought a new stake in Curbline Properties during the fourth quarter valued at about $811,000. Rhumbline Advisers acquired a new position in shares of Curbline Properties during the 4th quarter worth about $6,986,000. Sumitomo Mitsui DS Asset Management Company Ltd bought a new stake in Curbline Properties during the 4th quarter valued at approximately $377,000. Principal Financial Group Inc. acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $12,606,000. Finally, Aew Capital Management L P bought a new position in Curbline Properties in the 4th quarter worth approximately $14,179,000.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on CURB. Morgan Stanley initiated coverage on Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler increased their price target 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. Finally, Compass Point boosted their price objective 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $25.82.

Curbline Properties Stock Performance

Shares of NYSE:CURB opened at $23.34 on Friday. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The stock’s 50-day moving average is $24.14.

Curbline Properties (NYSE:CURB) 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. Analysts expect that Curbline Properties will post 1 earnings per share 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. Stockholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.74%.

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.