Curbline Properties Corp. (NYSE:CURB) Stock Has Consensus Target Price of $32.44 According to Analysts

Shares of Curbline Properties Corp. (NYSE:CURB) have been given an average rating of “Moderate Buy” by the nine ratings firms that are presently covering the stock, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $32.44.

A number of equities analysts recently issued reports on CURB shares. Piper Sandler lowered their price objective on shares of Curbline Properties from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Truist Financial raised their target price on shares of Curbline Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research report on Monday. Weiss Ratings cut shares of Curbline Properties from a “buy (b-)” rating to a “hold (c)” rating in a research note on Friday, October 23rd. Wall Street Zen downgraded shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Saturday, October 24th. Finally, Jefferies Financial Group initiated coverage on Curbline Properties in a research note on Tuesday, August 25th. They issued a “buy” rating and a $36.00 price target for the company.

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 dated Tuesday, September 8th. The stock was sold at an average price of $29.68, for a total value of $6,583,380.16. Following the completion of the transaction, the director owned 6,586,370 shares of the company’s stock, valued at $195,483,461.60. This represents a 3.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Over the last ninety days, insiders sold 1,218,728 shares of company stock valued at $36,565,135. 8.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CURB. BlackRock Inc. acquired a new position in Curbline Properties in the 2nd quarter valued at approximately $531,338,000. Principal Financial Group Inc. raised its stake in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after acquiring an additional 2,714,859 shares during the last quarter. Alyeska Investment Group L.P. lifted its holdings in shares of Curbline Properties by 50.2% during the second quarter. Alyeska Investment Group L.P. now owns 3,457,221 shares of the company’s stock worth $105,100,000 after purchasing an additional 1,155,731 shares during the period. Deutsche Bank AG acquired a new position in shares of Curbline Properties during the second quarter worth $62,145,000. Finally, Wellington Management Group LLP lifted its holdings in shares of 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 purchasing an additional 1,153,326 shares during the period.

Curbline Properties Stock Performance

Curbline Properties stock opened at $28.85 on Wednesday. Curbline Properties has a 12-month low of $22.31 and a 12-month high of $32.15. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.15. The business’s 50-day moving average price is $28.44 and its two-hundred day moving average price is $28.22. The stock has a market cap of $3.50 billion, a PE ratio of 120.22 and a beta 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 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 during the quarter, compared to the consensus estimate of $66.53 million. During the same period last year, the company posted $0.09 EPS. The firm’s revenue was up 46.3% compared to the same quarter last year. As a group, analysts expect that Curbline Properties will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Investors 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 dividend on an annualized basis and a yield of 2.4%. Curbline Properties’s payout ratio is currently 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.