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

Vestcor Inc purchased a new position in Curbline Properties (NYSE:CURB) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,134 shares of the company’s stock, valued at approximately $73,000.

Several other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC bought a new position in shares of Curbline Properties in the fourth quarter worth $29,000. Smartleaf Asset Management LLC bought a new position in Curbline Properties in the fourth quarter valued at $31,000. Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties in the fourth quarter valued at $62,000. KBC Group NV bought a new position in Curbline Properties in the fourth quarter valued at $89,000. Finally, PNC Financial Services Group Inc. bought a new position in Curbline Properties in the fourth quarter valued at $200,000.

Curbline Properties Stock Up 1.7 %

NYSE CURB opened at $24.05 on Wednesday. The company’s 50-day simple moving average is $24.18. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Sell-side analysts predict that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

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

Wall Street Analyst Weigh In

A number of research analysts recently commented on the company. Piper Sandler increased their target price on Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Compass Point increased their target price on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley assumed coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $25.82.

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.