Curbline Properties (NYSE:CURB) Price Target Raised to $40.00

Curbline Properties (NYSE:CURB) had its price target increased by Piper Sandler from $39.00 to $40.00 in a report released on Wednesday,Benzinga reports. They currently have an overweight rating on the stock.

Several other brokerages have also issued reports on CURB. JPMorgan Chase & Co. increased their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Citigroup upped their price objective on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Morgan Stanley restated an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Curbline Properties has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Curbline Properties Trading Down 0.0%

NYSE CURB opened at $30.57 on Wednesday. The stock has a market capitalization of $3.52 billion, a P/E ratio of 113.22 and a beta of 0.51. The business has a 50 day simple moving average of $30.30 and a 200 day simple moving average of $27.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 1.20. Curbline Properties has a one year low of $21.62 and a one year high of $32.15.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.23. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The company’s revenue was up 51.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.24 earnings per share. Research analysts expect that Curbline Properties will post 1.26 earnings per share for the current year.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. Curbline Properties’s dividend payout ratio is currently 251.85%.

Insider Activity at Curbline Properties

In other news, EVP Conor Fennerty sold 55,105 shares of the firm’s stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the transaction, the executive vice president directly owned 153,909 shares of the company’s stock, valued at $4,675,755.42. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Royal Bank of Canada increased its position in shares of Curbline Properties by 43.7% during the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after buying an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Curbline Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock valued at $1,367,000 after purchasing an additional 2,483 shares during the period. Goldman Sachs Group Inc. grew its position in shares of Curbline Properties by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after purchasing an additional 77,322 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Curbline Properties during the 1st quarter valued at $4,025,000. Finally, Intech Investment Management LLC boosted its stake in Curbline Properties by 58.6% during the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after buying an additional 19,204 shares during the period.

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.