Teachers Retirement System of The State of Kentucky Makes New Investment in Curbline Properties (NYSE:CURB)

Teachers Retirement System of The State of Kentucky bought a new position in shares of Curbline Properties (NYSE:CURB - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 29,016 shares of the company's stock, valued at approximately $674,000.

Other large investors have also added to or reduced their stakes in the company. GAMMA Investing LLC bought a new position in Curbline Properties in the 4th quarter worth approximately $29,000. Smartleaf Asset Management LLC purchased a new position in Curbline Properties during the fourth quarter valued at $31,000. Quadrant Capital Group LLC purchased a new position in Curbline Properties during the fourth quarter valued at $31,000. Covestor Ltd lifted its stake in Curbline Properties by 390.2% in the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after purchasing an additional 1,268 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Curbline Properties during the 4th quarter valued at about $62,000.

Curbline Properties Stock Up 1.6 %

NYSE CURB traded up $0.37 on Friday, hitting $23.55. 363,899 shares of the stock were exchanged, compared to its average volume of 756,765. Curbline Properties has a 52-week low of $20.16 and a 52-week high of $25.69. The stock has a fifty day moving average price of $23.43 and a two-hundred day moving average price of $23.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. The firm had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The firm's revenue was up 38.2% on a year-over-year basis. On average, analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 8th. Stockholders of record on Friday, March 14th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $0.64 annualized dividend and a dividend yield of 2.72%.

Analyst Ratings Changes

Several brokerages have recently issued reports 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 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 research note on Wednesday, February 12th. Finally, Morgan Stanley cut their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.68.

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.