Curbline Properties Corp. (NYSE:CURB) Stock Has Average Price Target of $32.44

Curbline Properties Corp. (NYSE:CURB) has been assigned a consensus recommendation of “Moderate Buy” from the nine analysts that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $32.44.

Several brokerages recently commented on CURB. Jefferies Financial Group started coverage on Curbline Properties in a report on Tuesday, August 25th. They issued a “buy” rating and a $36.00 target price on the stock. Truist Financial raised their price target on shares of Curbline Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp boosted their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Piper Sandler reduced their price objective on shares of Curbline Properties from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, October 12th. Finally, Wall Street Zen lowered shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th.

Insider Transactions at Curbline Properties

In other Curbline Properties news, Director Alexander Otto sold 221,812 shares of the company’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $29.68, for a total transaction of $6,583,380.16. Following the sale, the director owned 6,586,370 shares of the company’s stock, valued at approximately $195,483,461.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have sold a total of 1,218,728 shares of company stock valued at $36,565,135 in the last quarter. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Pictet Asset Management Holding SA boosted its position in shares of Curbline Properties by 23.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 17,368 shares of the company’s stock valued at $483,000 after purchasing an additional 3,335 shares in the last quarter. Oregon Public Employees Retirement Fund grew its stake in Curbline Properties by 7.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,774 shares of the company’s stock worth $662,000 after purchasing an additional 1,700 shares during the period. Sumitomo Mitsui Trust Group Inc. grew its stake in Curbline Properties by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,786 shares of the company’s stock worth $2,916,000 after purchasing an additional 1,745 shares during the period. ProShare Advisors LLC grew its stake in Curbline Properties by 4.8% during the third quarter. ProShare Advisors LLC now owns 14,779 shares of the company’s stock worth $411,000 after purchasing an additional 676 shares during the period. Finally, Asset Management One Co. Ltd. increased its holdings in Curbline Properties by 12.4% in the third quarter. Asset Management One Co. Ltd. now owns 206,614 shares of the company’s stock worth $5,750,000 after purchasing an additional 22,814 shares in the last quarter.

Curbline Properties Trading Down 0.3%

NYSE CURB opened at $28.85 on Wednesday. The firm has a market capitalization of $3.50 billion, a PE ratio of 120.22 and a beta of 0.51. The business’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $28.22. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.15. Curbline Properties has a 12 month low of $22.31 and a 12 month high of $32.15.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings data on Thursday, October 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Curbline Properties had a return on equity of 1.34% and a net margin of 11.13%. The company had revenue of $71.10 million for the quarter, compared to the consensus estimate of $66.53 million. During the same quarter last year, the business earned $0.09 earnings per share. Curbline Properties’s revenue was up 46.3% compared to the same quarter last year. On average, analysts expect that Curbline Properties will post 1.26 EPS for the current year.

Curbline Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th were issued a $0.17 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.68 annualized dividend and a yield of 2.4%. Curbline Properties’s payout ratio is presently 283.33%.

Curbline Properties Company Profile

Curbline Properties Corp. is a real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio is designed to serve everyday consumer needs and generally includes open-air shopping centers, neighborhood retail centers and other properties occupied by service providers, grocery-related businesses and other necessity-based tenants.

The company primarily targets well-located properties in suburban communities across the United States. Curbline emphasizes assets in high-traffic areas that are convenient for nearby residents and supported by recurring local demand.