Teacher Retirement System of Texas Buys New Position in Curbline Properties (NYSE:CURB)

Teacher Retirement System of Texas purchased a new position in Curbline Properties (NYSE:CURB) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 165,883 shares of the company’s stock, valued at approximately $3,852,000.

A number of other large investors also recently modified their holdings of the business. Daiwa Securities Group Inc. acquired a new stake in shares of Curbline Properties in the fourth quarter worth $47,214,000. Charles Schwab Investment Management Inc. bought a new stake in Curbline Properties in the 4th quarter valued at $39,792,000. Victory Capital Management Inc. acquired a new stake in Curbline Properties in the 4th quarter worth $25,977,000. Sumitomo Mitsui Trust Group Inc. bought a new position in shares of Curbline Properties during the 4th quarter worth about $18,320,000. Finally, Bank of New York Mellon Corp acquired a new position in shares of Curbline Properties during the fourth quarter valued at about $16,013,000.

Curbline Properties Stock Up 1.9 %

Curbline Properties stock opened at $23.74 on Tuesday. The stock’s 50 day moving average is $24.21. Curbline Properties has a one year low of $20.16 and a one year high of $25.69.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. On average, equities research analysts forecast that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders 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 yield of 2.70%.

Analyst Ratings Changes

A number of research firms recently weighed in on CURB. Compass Point lifted their target price on Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 12th. Piper Sandler lifted their price objective on Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Wednesday, February 12th. Finally, Morgan Stanley began coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price for the company. Five 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, Curbline Properties has a consensus rating of “Hold” and a consensus target price 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.