Curbline Properties Corp. (NYSE:CURB) Receives Average Rating of “Hold” from Brokerages

Curbline Properties Corp. (NYSE:CURB) has been given a consensus rating of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $25.68.

Separately, Morgan Stanley reduced their price objective on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a report on Thursday, April 24th.

Insider Activity

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president owned 176,560 shares in the company, valued at $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curbline Properties

Institutional investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC purchased a new stake in shares of Curbline Properties during the fourth quarter worth $31,000. Covestor Ltd lifted its position in shares of Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock worth $37,000 after acquiring an additional 1,268 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Curbline Properties during the fourth quarter worth $40,000. Smartleaf Asset Management LLC raised its position in shares of Curbline Properties by 37.8% in the first quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company’s stock worth $44,000 after buying an additional 507 shares in the last quarter. Finally, Fifth Third Bancorp raised its position in shares of Curbline Properties by 215.9% in the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company’s stock worth $51,000 after buying an additional 1,451 shares in the last quarter.

Curbline Properties Price Performance

CURB stock opened at $22.94 on Friday. The company has a quick ratio of 27.77, a current ratio of 27.77 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $22.80 and a 200-day moving average of $23.40. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB) last released its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. The firm’s revenue was up 38.2% compared to the same quarter last year. On average, sell-side analysts predict that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.79%.

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.