Piper Sandler Cuts Curbline Properties (NYSE:CURB) Price Target to $39.00

Curbline Properties (NYSE:CURB) had its price target lowered by Piper Sandler from $40.00 to $39.00 in a research report released on Thursday morning,Benzinga reports. The brokerage currently has an overweight rating on the stock.

A number of other brokerages also recently issued reports on CURB. Citigroup lifted their price target on Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Weiss Ratings raised Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Jefferies Financial Group assumed coverage on Curbline Properties in a report on Tuesday. They issued a “buy” rating and a $36.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Curbline Properties presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.

Curbline Properties Price Performance

Shares of CURB opened at $30.04 on Thursday. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 111.26 and a beta of 0.51. The firm’s fifty day simple moving average is $30.48 and its 200-day simple moving average is $28.62. Curbline Properties has a twelve month low of $21.93 and a twelve month high of $32.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17.

Curbline Properties (NYSE:CURB) last issued its earnings results on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. The firm had revenue of $63.30 million during the quarter, compared to the consensus estimate of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The company’s revenue was up 52.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Equities analysts forecast that Curbline Properties will post 1.25 EPS for the current fiscal year.

Insiders Place Their Bets

In other Curbline Properties news, Director Alexander Otto sold 134,868 shares of the company’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $30.17, for a total value of $4,068,967.56. Following the completion of the transaction, the director owned 6,922,526 shares in the company, valued at $208,852,609.42. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 1,078,639 shares of company stock valued at $32,478,760 over the last three months. 8.70% of the stock is owned by insiders.

Institutional Trading of Curbline Properties

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its position in shares of Curbline Properties by 125.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 654 shares during the period. Parallel Advisors LLC increased its position in Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares during the period. Nykredit A S purchased a new stake in Curbline Properties in the second quarter valued at approximately $55,000. Federation des caisses Desjardins du Quebec lifted its stake in Curbline Properties by 25.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after buying an additional 1,672 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Curbline Properties by 28.5% in the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares during 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.