Curbline Properties Corp. (NYSE:CURB) Receives Consensus Rating of “Moderate Buy” from Brokerages

Curbline Properties Corp. (NYSE:CURB) has earned an average rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $30.7778.

A number of brokerages have weighed in on CURB. JPMorgan Chase & Co. lifted their price objective on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Piper Sandler increased their target price on Curbline Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note 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. Citigroup upped their price objective on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday.

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 55,105 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the transaction, the executive vice president owned 153,909 shares in the company, valued at $4,675,755.42. This trade represents a 26.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curbline Properties

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada boosted its position in Curbline Properties by 43.7% during the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after purchasing an additional 5,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Curbline Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,483 shares during the period. Goldman Sachs Group Inc. raised its holdings in Curbline Properties by 11.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after acquiring an additional 77,322 shares during the last quarter. Jane Street Group LLC acquired a new position in Curbline Properties in the 1st quarter valued at $4,025,000. Finally, Intech Investment Management LLC lifted its stake in shares of Curbline Properties by 58.6% during the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock worth $1,257,000 after purchasing an additional 19,204 shares during the period.

Curbline Properties Stock Down 0.2%

Shares of Curbline Properties stock opened at $30.57 on Monday. Curbline Properties has a one year low of $21.62 and a one year high of $32.15. The company has a market cap of $3.52 billion, a P/E ratio of 113.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. The firm has a fifty day moving average of $30.30 and a two-hundred day moving average of $27.86.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 18th. Curbline Properties’s payout ratio is presently 251.85%.

About Curbline Properties

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.