Curbline Properties (NYSE:CURB) Price Target Raised to $34.00

Curbline Properties (NYSE:CURB) had its target price boosted by Truist Financial from $33.00 to $34.00 in a report published on Monday, MarketBeat reports. The firm currently has a buy rating on the stock.

Several other equities research analysts also recently weighed in on CURB. Piper Sandler decreased their target price on shares of Curbline Properties from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, October 12th. Citigroup boosted their price target on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings cut Curbline Properties from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. KeyCorp upped their price objective on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Jefferies Financial Group began coverage on Curbline Properties in a research report on Tuesday, August 25th. They set a “buy” rating and a $36.00 price objective for the company. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $32.44.

Curbline Properties Stock Up 4.3%

Shares of NYSE:CURB opened at $30.14 on Monday. The stock has a market cap of $3.66 billion, a P/E ratio of 24.08 and a beta of 0.51. The firm has a fifty day moving average price of $28.44 and a 200 day moving average price of $28.25. 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 $22.31 and a 1-year high of $32.15.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings data 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 business had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $66.53 million. Curbline Properties had a return on equity of 1.34% and a net margin of 11.13%. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same period in the previous year, the business posted $0.09 earnings per share. Sell-side analysts predict that Curbline Properties will post 1.26 EPS for the current year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 29th. Curbline Properties’s payout ratio is currently 283.33%.

Insider Buying and Selling

In other news, Director Alexander Otto sold 221,812 shares of the firm’s stock in a transaction on Tuesday, September 8th. The shares were sold at an average price of $29.68, for a total value of $6,583,380.16. Following the completion of the sale, the director owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. This trade represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders have sold 1,109,362 shares of company stock worth $33,307,122. 8.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in CURB. BlackRock Inc. purchased a new position in Curbline Properties in the second quarter worth $531,338,000. Principal Financial Group Inc. increased its holdings in shares of Curbline Properties by 110.3% in the 1st 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 in the last quarter. Deutsche Bank AG acquired a new stake in shares of Curbline Properties in the second quarter valued at about $62,145,000. Jupiter Topco LLC acquired a new stake in shares of Curbline Properties in the second quarter valued at about $46,975,000. Finally, Alyeska Investment Group L.P. lifted its stake in shares of Curbline Properties by 50.2% in the second quarter. Alyeska Investment Group L.P. now owns 3,457,221 shares of the company’s stock valued at $105,100,000 after purchasing an additional 1,155,731 shares during the period.

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.