Curbline Properties (NYSE:CURB) Stock Price Expected to Rise, Truist Financial Analyst Says

Curbline Properties (NYSE:CURB) had its target price hoisted by research analysts at Truist Financial from $33.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. Truist Financial‘s price target would suggest a potential upside of 18.41% from the stock’s previous close.

A number of other research firms have also recently issued reports on CURB. Citigroup increased their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Jefferies Financial Group initiated coverage on Curbline Properties in a research note on Tuesday, August 25th. They set a “buy” rating and a $36.00 price target on the stock. KeyCorp increased their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen lowered Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. Finally, Piper Sandler reduced their price objective 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. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.44.

Curbline Properties Stock Up 0.6%

Shares of Curbline Properties stock traded up $0.18 during trading on Monday, reaching $28.71. 173,974 shares of the company traded hands, compared to its average volume of 1,112,451. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.51 and a quick ratio of 0.51. Curbline Properties has a 1-year low of $22.30 and a 1-year high of $32.15. The company has a 50 day moving average price of $28.47 and a 200-day moving average price of $28.17. The firm has a market capitalization of $3.49 billion, a PE ratio of 119.63 and a beta of 0.51.

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

Insider Buying and Selling at Curbline Properties

In related news, Director Alexander Otto sold 2,344 shares of the firm’s stock in a transaction dated Thursday, September 10th. The shares were sold at an average price of $29.51, for a total value of $69,171.44. Following the transaction, the director owned 6,550,914 shares of the company’s stock, valued at approximately $193,317,472.14. This trade represents a 0.04% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders have sold 1,391,785 shares of company stock valued at $41,778,208. Corporate insiders own 8.70% of the company’s stock.

Institutional Trading of Curbline Properties

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Squarepoint Ops LLC boosted its stake in shares of Curbline Properties by 422.2% in the 2nd quarter. Squarepoint Ops LLC now owns 178,956 shares of the company’s stock worth $5,440,000 after buying an additional 144,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Curbline Properties during the second quarter valued at about $2,550,000. Wellington Management Group LLP increased its holdings in Curbline Properties by 138.3% during the second quarter. Wellington Management Group LLP now owns 1,987,340 shares of the company’s stock worth $60,415,000 after buying an additional 1,153,326 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd bought a new stake in Curbline Properties in the second quarter worth about $4,299,000. Finally, Westpac Banking Corp bought a new stake in Curbline Properties in the second quarter worth about $3,540,000.

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.