Vestcor Inc Invests $73,000 in Curbline Properties (NYSE:CURB)

Vestcor Inc bought a new position in shares of Curbline Properties (NYSE:CURB) in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 3,134 shares of the company’s stock, valued at approximately $73,000.

A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC purchased a new stake in Curbline Properties in the fourth quarter worth about $29,000. Smartleaf Asset Management LLC purchased a new stake in Curbline Properties in the fourth quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Curbline Properties in the fourth quarter worth about $62,000. KBC Group NV purchased a new stake in Curbline Properties in the fourth quarter worth about $89,000. Finally, PNC Financial Services Group Inc. purchased a new stake in Curbline Properties in the fourth quarter worth about $200,000.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Compass Point raised 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. Morgan Stanley initiated coverage on shares of Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. Finally, Piper Sandler raised their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $25.82.

Curbline Properties Stock Up 1.7 %

NYSE:CURB opened at $24.05 on Wednesday. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The stock has a 50 day moving average of $24.18.

Curbline Properties (NYSE:CURB) last posted its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. On average, sell-side analysts forecast that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date is Friday, March 14th.

Curbline Properties 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.