California State Teachers Retirement System Acquires New Shares in Curbline Properties (NYSE:CURB)

California State Teachers Retirement System acquired a new position in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 88,342 shares of the company's stock, valued at approximately $2,051,000. California State Teachers Retirement System owned 0.08% of Curbline Properties as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in CURB. Vanguard Group Inc. bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $343,497,000. FMR LLC bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $323,575,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Curbline Properties in the fourth quarter valued at about $119,568,000. Geode Capital Management LLC bought a new stake in Curbline Properties during the fourth quarter worth about $54,894,000. Finally, GRS Advisors LLC bought a new stake in Curbline Properties during the fourth quarter worth about $51,890,000.

Curbline Properties Stock Performance

Curbline Properties stock traded down $0.38 during trading hours on Wednesday, reaching $22.74. 567,832 shares of the company's stock were exchanged, compared to its average volume of 706,115. The firm's 50 day simple moving average is $22.89 and its 200 day simple moving average is $23.58. Curbline Properties has a twelve month low of $20.16 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. The business's revenue was up 38.2% on a year-over-year basis. As a group, analysts anticipate that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.81%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Compass Point upped 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. Morgan Stanley dropped their target price on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Finally, Piper Sandler upped their target price on Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus 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.