Curbline Properties (NYSE:CURB) Given Consensus Rating of “Hold” by Brokerages

Shares of Curbline Properties (NYSE:CURB) have been assigned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, Marketbeat reports. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $25.82.

A number of equities research analysts have recently weighed in on CURB shares. Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target for the company. Compass Point boosted their target price on shares of Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday, February 12th. Finally, Piper Sandler raised their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday, February 12th.

Curbline Properties Stock Performance

CURB opened at $23.34 on Friday. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69. The company has a fifty day moving average of $24.14.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. As a group, equities research analysts anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.74%. The ex-dividend date of this dividend is Friday, March 14th.

Institutional Investors Weigh In On Curbline Properties

Several large investors have recently made changes to their positions in CURB. Nisa Investment Advisors LLC acquired a new stake in Curbline Properties in the 4th quarter valued at approximately $811,000. Rhumbline Advisers acquired a new position in shares of Curbline Properties during the fourth quarter valued at $6,986,000. Victory Capital Management Inc. bought a new stake in shares of Curbline Properties during the fourth quarter valued at about $25,977,000. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new stake in Curbline Properties in the fourth quarter worth about $377,000. Finally, Principal Financial Group Inc. bought a new position in Curbline Properties in the 4th quarter valued at about $12,606,000.

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.