Curbline Properties (NYSE:CURB) Given New $38.00 Price Target at Piper Sandler
by Mitch Edgeman · The Markets DailyCurbline Properties (NYSE:CURB – Free Report) had its price objective trimmed by Piper Sandler from $39.00 to $38.00 in a research report released on Monday morning,Benzinga reports. The firm currently has an overweight rating on the stock.
A number of other analysts also recently commented on the stock. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Morgan Stanley restated an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a report on Thursday, June 18th. Jefferies Financial Group assumed coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They set a “buy” rating and a $36.00 target price for the company. Finally, Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.33.
View Our Latest Stock Analysis on CURB
Curbline Properties Trading Up 1.2%
Shares of CURB stock opened at $27.33 on Monday. The stock has a 50-day simple moving average of $29.10 and a 200 day simple moving average of $29.02. Curbline Properties has a fifty-two week low of $22.25 and a fifty-two week high of $32.15. The stock has a market capitalization of $3.14 billion, a P/E ratio of 101.23 and a beta of 0.53. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17.
Curbline Properties (NYSE:CURB – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%. The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. During the same period in the previous year, the company earned $0.26 earnings per share. Curbline Properties’s revenue was up 52.9% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. On average, sell-side analysts expect that Curbline Properties will post 1.25 earnings per share for the current fiscal year.
Curbline Properties Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be given a $0.17 dividend. The ex-dividend date is Tuesday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.5%. Curbline Properties’s dividend payout ratio (DPR) is 251.85%.
Insiders Place Their Bets
In related news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $30.38, for a total value of $1,674,089.90. Following the transaction, the executive vice president owned 153,909 shares of the company’s stock, valued at approximately $4,675,755.42. This trade represents a 26.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Alexander Otto sold 221,812 shares of the business’s stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $29.68, for a total value of $6,583,380.16. Following the sale, the director owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. The trade was a 3.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 1,446,890 shares of company stock valued at $43,452,298 in the last quarter. 8.70% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Curbline Properties
A number of large investors have recently made changes to their positions in the company. Squarepoint Ops LLC grew its stake in Curbline Properties by 422.2% during the 2nd quarter. Squarepoint Ops LLC now owns 178,956 shares of the company’s stock valued at $5,440,000 after acquiring an additional 144,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Curbline Properties in the second quarter worth approximately $2,550,000. Wellington Management Group LLP lifted its position in shares of Curbline Properties by 138.3% in the second quarter. Wellington Management Group LLP now owns 1,987,340 shares of the company’s stock worth $60,415,000 after purchasing an additional 1,153,326 shares in the last quarter. Westpac Banking Corp purchased a new stake in shares of Curbline Properties in the second quarter worth approximately $3,540,000. Finally, HBK Investments L P acquired a new stake in shares of Curbline Properties during the second quarter worth approximately $1,520,000.
Curbline Properties Company Profile
Curbline Properties Corp. (NYSE: CURB) is a real estate investment trust focused on owning, operating, acquiring and managing convenience-oriented retail properties in the United States. Its portfolio is designed to serve everyday consumer needs and is generally located in established, high-traffic neighborhoods.
The company’s properties are typically smaller-format, open-air retail centers occupied by service providers, restaurants, healthcare operators, grocery and other convenience-focused businesses.
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