Curbline Properties (NYSE:CURB) Hits New 1-Year High – Time to Buy?

Curbline Properties Corp. (NYSE:CURB)’s share price reached a new 52-week high during mid-day trading on Friday . The company traded as high as $26.01 and last traded at $25.58, with a volume of 15931 shares trading hands. The stock had previously closed at $25.36.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on CURB. KeyCorp upgraded shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research note on Thursday, December 4th. UBS Group set a $27.00 target price on shares of Curbline Properties in a report on Thursday, December 4th. Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, January 12th. Morgan Stanley boosted their price objective on shares of Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and raised their target price for the stock from $25.00 to $27.00 in a report on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.22.

Curbline Properties Price Performance

The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 0.21. The stock has a 50 day simple moving average of $23.66 and a 200-day simple moving average of $23.17. The firm has a market cap of $2.67 billion, a PE ratio of 63.35 and a beta of 0.48.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. The ex-dividend date of this dividend was Monday, December 22nd. Curbline Properties’s payout ratio is 160.00%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. Diamond Hill Capital Management Inc. lifted its position in shares of Curbline Properties by 48.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after buying an additional 58,138 shares in the last quarter. Handelsbanken Fonder AB increased its stake in Curbline Properties by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 29,400 shares of the company’s stock worth $682,000 after acquiring an additional 3,900 shares during the last quarter. ProShare Advisors LLC raised its holdings in shares of Curbline Properties by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al raised its holdings in shares of Curbline Properties by 83.5% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company’s stock worth $2,969,000 after acquiring an additional 58,200 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Curbline Properties by 4.4% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,442 shares of the company’s stock valued at $1,745,000 after acquiring an additional 3,154 shares during the last quarter.

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.