Curbline Properties (NYSE:CURB) Cut to “Strong Sell” at Wall Street Zen

Wall Street Zen cut shares of Curbline Properties (NYSE:CURB) from a sell rating to a strong sell rating in a research report released on Saturday morning,Wall Street Zen reports.

CURB has been the topic of a number of other research reports. KeyCorp boosted their price objective on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group assumed coverage on Curbline Properties in a research note on Tuesday, August 25th. They issued a “buy” rating and a $36.00 target price for the company. Piper Sandler lowered their target price on Curbline Properties from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Truist Financial assumed coverage on Curbline Properties in a report on Thursday, October 1st. They issued a “buy” rating and a $33.00 price target for the company. Finally, Weiss Ratings upgraded shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.

Curbline Properties Trading Down 1.4%

Shares of CURB stock opened at $28.45 on Friday. The firm has a fifty day moving average of $28.59 and a 200-day moving average of $28.07. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 24.05 and a beta of 0.53. Curbline Properties has a 52-week low of $22.30 and a 52-week high of $32.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.51 and a current ratio of 0.51.

Curbline Properties (NYSE:CURB) last posted its earnings results on Thursday, October 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate 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 EPS. Curbline Properties’s quarterly revenue was up 46.3% compared to the same quarter last year. On average, equities research analysts forecast that Curbline Properties will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were given a dividend of $0.17 per share. The ex-dividend date was Tuesday, September 29th. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. Curbline Properties’s payout ratio is currently 283.33%.

Insider Buying and Selling

In related news, Director Alexander Otto sold 2,344 shares of Curbline Properties stock in a transaction on Thursday, September 10th. The stock was sold at an average price of $29.51, for a total transaction of $69,171.44. Following the completion of the sale, the director directly owned 6,550,914 shares of the company’s stock, valued at $193,317,472.14. The trade was a 0.04% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last three months, insiders have sold 1,446,890 shares of company stock worth $43,452,298. 8.70% of the stock is currently owned by insiders.

Institutional Trading of Curbline Properties

Hedge funds have recently added to or reduced their stakes in the business. Rockefeller Capital Management L.P. lifted its stake in Curbline Properties by 125.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 654 shares in the last quarter. Nykredit A S acquired a new position in shares of Curbline Properties in the second quarter valued at approximately $55,000. Sanctuary Advisors LLC acquired a new position in shares of Curbline Properties in the first quarter valued at approximately $224,000. ZWJ Investment Counsel Inc. boosted its holdings in shares of Curbline Properties by 25.7% in the third quarter. ZWJ Investment Counsel Inc. now owns 8,750 shares of the company’s stock valued at $244,000 after buying an additional 1,787 shares during the period. Finally, Arrowstreet Capital Limited Partnership bought a new stake in shares of Curbline Properties during the first quarter worth $243,000.

About Curbline Properties

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.