Brokerages Set Curbline Properties (NYSE:CURB) Target Price at $25.82

by · The Cerbat Gem

Curbline Properties (NYSE:CURB – Get Free Report) has received a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $25.82.

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

Check Out Our Latest Report on CURB

Curbline Properties Stock Performance

NYSE CURB opened at $23.56 on Friday. The company has a 50-day moving average of $24.21. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB – Get Free Report) last announced its earnings results on Tuesday, February 11th. The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities research analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Investors of record on Friday, March 14th will be given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.72%. The ex-dividend date is Friday, March 14th.

Institutional Investors Weigh In On Curbline Properties

A number of hedge funds have recently added to or reduced their stakes in CURB. GAMMA Investing LLC acquired a new position in shares of Curbline Properties during the fourth quarter valued at about $29,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties during the 4th quarter valued at about $31,000. Quadrant Capital Group LLC bought a new stake in Curbline Properties during the 4th quarter worth approximately $31,000. Covestor Ltd raised its stake in shares of Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock worth $37,000 after purchasing an additional 1,268 shares during the last quarter. Finally, GF Fund Management CO. LTD. bought a new position in shares of Curbline Properties in the fourth quarter valued at approximately $40,000.

About Curbline Properties

(Get Free Report

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.

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