Curbline Properties (NYSE:CURB) Upgraded by Wall Street Zen to Sell Rating

Wall Street Zen upgraded shares of Curbline Properties (NYSE:CURB) from a strong sell rating to a sell rating in a report published on Saturday.

Several other analysts have also commented on the stock. Morgan Stanley reissued an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Weiss Ratings restated a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday. KeyCorp upped their price target on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday. Piper Sandler increased their price objective on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Citigroup raised their price objective on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $30.78.

Curbline Properties Stock Performance

Shares of CURB opened at $30.57 on Friday. The firm’s 50 day moving average is $30.30 and its 200-day moving average is $27.84. The stock has a market capitalization 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 current ratio of 0.63 and a quick ratio of 1.20. Curbline Properties has a 12-month low of $21.62 and a 12-month high of $32.15.

Curbline Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued 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 currently 251.85%.

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 55,105 shares of the company’s stock in a transaction on 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 transaction, the executive vice president directly owned 153,909 shares of the company’s stock, valued at approximately $4,675,755.42. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Curbline Properties

A number of institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in Curbline Properties by 125.3% in the fourth 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 in the last quarter. Parallel Advisors LLC increased its position in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after purchasing an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after purchasing an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in shares of Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Curbline Properties during the 1st quarter valued at about $224,000.

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.