Maryland State Retirement & Pension System Buys New Holdings in Curbline Properties (NYSE:CURB)

Maryland State Retirement & Pension System purchased a new position in shares of Curbline Properties (NYSE:CURB) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 31,842 shares of the company’s stock, valued at approximately $739,000.

A number of other institutional investors have also recently bought and sold shares of CURB. GAMMA Investing LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties in the fourth quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties during the fourth quarter worth about $62,000. Vestcor Inc acquired a new stake in Curbline Properties during the fourth quarter valued at approximately $73,000. Finally, KBC Group NV bought a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $89,000.

Curbline Properties Trading Up 1.9 %

Curbline Properties stock opened at $23.74 on Tuesday. The business has a fifty day simple moving average of $24.21. Curbline Properties has a 52 week low of $20.16 and a 52 week high of $25.69.

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

Curbline Properties Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.70%.

Analyst Upgrades and Downgrades

CURB has been the topic of several recent analyst reports. Compass Point boosted their price target on 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 lifted their price objective on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley started coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $25.82.

About Curbline Properties

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.