Curbline Properties (NYSE:CURB) Upgraded at Wall Street Zen

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

CURB has been the subject of several other research reports. Piper Sandler lifted their price target on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Citigroup upped their target price on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. KeyCorp increased their target price on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.

Curbline Properties Trading Down 1.0%

Curbline Properties stock opened at $30.34 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The firm has a market cap of $3.49 billion, a PE ratio of 112.38 and a beta of 0.51. The stock’s 50 day simple moving average is $30.34 and its two-hundred day simple moving average is $27.91. Curbline Properties has a 12 month low of $21.63 and a 12 month high of $32.15.

Curbline Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, June 18th. Curbline Properties’s dividend payout ratio (DPR) is 251.85%.

Insiders Place Their Bets

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Principal Financial Group Inc. boosted its holdings in Curbline Properties by 110.3% in the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares during the period. T. Rowe Price Investment Management Inc. grew its stake in Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after purchasing an additional 2,365,894 shares in the last quarter. Balyasny Asset Management L.P. increased its holdings in Curbline Properties by 36.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock worth $49,414,000 after purchasing an additional 577,037 shares during the period. Daiwa Securities Group Inc. increased its holdings in Curbline Properties by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock worth $61,966,000 after purchasing an additional 562,642 shares during the period. Finally, UBS Group AG raised its position in Curbline Properties by 175.2% in the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after purchasing an additional 270,800 shares in the last quarter.

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.