Curbline Properties Corp. (NYSE:CURB) Stock Has Average Price Target of $32.44

Shares of Curbline Properties Corp. (NYSE:CURB) have been assigned a consensus recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $32.44.

Several equities analysts have commented on CURB shares. 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. Piper Sandler dropped their price target on shares of Curbline Properties from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Wall Street Zen lowered shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Truist Financial increased their price objective on shares of Curbline Properties from $33.00 to $34.00 and gave the company a “buy” rating in a report on Monday, November 2nd. Finally, Citigroup raised their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, August 3rd.

Curbline Properties Trading Down 1.2%

Shares of CURB stock opened at $29.36 on Wednesday. Curbline Properties has a 1 year low of $22.33 and a 1 year high of $32.15. The firm has a market capitalization of $3.56 billion, a PE ratio of 24.77 and a beta of 0.51. The stock has a fifty day moving average of $28.41 and a two-hundred day moving average of $28.35. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.51 and a current ratio of 0.51.

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

Curbline Properties Dividend Announcement

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

Insiders Place Their Bets

In other news, Director Alexander Otto sold 221,812 shares of the company’s stock in a transaction on 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 sale, the director owned 6,586,370 shares in the company, valued at $195,483,461.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CAO Christina M. Yarian sold 5,000 shares of the company’s stock in a transaction on Wednesday, November 4th. The shares were sold at an average price of $29.97, for a total value of $149,850.00. Following the completion of the sale, the chief accounting officer owned 18,697 shares of the company’s stock, valued at approximately $560,349.09. This trade represents a 21.10% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 997,556 shares of company stock valued at $29,951,926. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curbline Properties

Several hedge funds and other institutional investors have recently bought and sold shares of CURB. Landscape Capital Management L.L.C. acquired a new position in shares of Curbline Properties in the 3rd quarter worth approximately $1,719,000. Voya Investment Management LLC raised its holdings in shares of Curbline Properties by 2.8% in the 3rd quarter. Voya Investment Management LLC now owns 19,485 shares of the company’s stock worth $542,000 after purchasing an additional 531 shares in the last quarter. Public Sector Pension Investment Board raised its holdings in shares of Curbline Properties by 7.9% in the 3rd quarter. Public Sector Pension Investment Board now owns 359,976 shares of the company’s stock worth $9,737,000 after purchasing an additional 26,354 shares in the last quarter. Bessemer Group Inc. lifted its stake in Curbline Properties by 3.1% during the third quarter. Bessemer Group Inc. now owns 834,022 shares of the company’s stock valued at $23,212,000 after purchasing an additional 24,782 shares during the last quarter. Finally, Aberdeen Group plc lifted its stake in Curbline Properties by 60.2% during the third quarter. Aberdeen Group plc now owns 1,307,459 shares of the company’s stock valued at $36,387,000 after purchasing an additional 491,403 shares during the last quarter.

Curbline Properties Company Profile

Curbline Properties is a real estate investment trust focused on owning and operating convenience-oriented retail properties in the United States. Its properties serve everyday shopping and service needs, with tenants that may include retailers, restaurants and personal-service businesses. The company focuses on suburban locations and smaller-format retail centers designed to provide convenient access for nearby communities. Curbline became an independent, publicly traded company in 2024 after being spun off from SITE Centers Corporation.