Curbline Properties (NYSE:CURB) Given Average Recommendation of “Hold” by Brokerages

Curbline Properties (NYSE:CURB) has earned a consensus rating of “Hold” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Five analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $25.68.

Several equities analysts have recently weighed in on CURB shares. Compass Point lifted their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 12th. Piper Sandler lifted their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Wednesday, February 12th. Finally, Morgan Stanley lowered their target price on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday, April 24th.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds have recently bought and sold shares of CURB. OVERSEA CHINESE BANKING Corp Ltd bought a new position in Curbline Properties in the 1st quarter valued at $2,351,000. PNC Financial Services Group Inc. raised its position in shares of Curbline Properties by 54.4% in the first quarter. PNC Financial Services Group Inc. now owns 13,283 shares of the company’s stock worth $321,000 after buying an additional 4,680 shares in the last quarter. Natixis Advisors LLC boosted its stake in Curbline Properties by 4.2% during the first quarter. Natixis Advisors LLC now owns 80,428 shares of the company’s stock valued at $1,946,000 after buying an additional 3,261 shares during the period. XTX Topco Ltd purchased a new position in Curbline Properties during the first quarter worth about $631,000. Finally, TCW Group Inc. increased its stake in Curbline Properties by 5.4% in the 1st quarter. TCW Group Inc. now owns 127,199 shares of the company’s stock worth $3,077,000 after acquiring an additional 6,499 shares during the last quarter.

Curbline Properties Price Performance

Shares of NYSE CURB opened at $23.34 on Monday. The stock has a fifty day simple moving average of $23.33 and a two-hundred day simple moving average of $23.70. Curbline Properties has a 1-year low of $20.16 and a 1-year high of $25.69.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. Curbline Properties’s quarterly revenue was up 38.2% on a year-over-year basis. Equities research analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a $0.16 dividend. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.74%.

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.