Curbline Properties (NYSE:CURB) Sets New 12-Month High on Strong Earnings

Shares of Curbline Properties (NYSE:CURB) reached a new 52-week high on Tuesday following a better than expected earnings announcement. The company traded as high as $25.69 and last traded at $24.81, with a volume of 21508 shares trading hands. The stock had previously closed at $24.62.

The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01.

Curbline Properties Announces Dividend

The business also recently declared a dividend, which was paid on Thursday, January 16th. Shareholders of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st.

Analyst Ratings Changes

A number of equities analysts recently commented on CURB shares. Compass Point began coverage on Curbline Properties in a research note on Wednesday, January 15th. They set a “neutral” rating and a $24.00 price target for the company. Morgan Stanley began coverage on shares of Curbline Properties in a research report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target on the stock. Finally, Piper Sandler started coverage on shares of Curbline Properties in a research report on Thursday, October 17th. They set an “overweight” rating and a $28.00 price objective for the company. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $25.11.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC purchased a new position in shares of Curbline Properties during the 4th quarter worth about $29,000. Smartleaf Asset Management LLC bought a new stake in Curbline Properties in the fourth quarter worth about $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of Curbline Properties during the fourth quarter valued at approximately $62,000. Vestcor Inc bought a new position in shares of Curbline Properties during the fourth quarter valued at approximately $73,000. Finally, KBC Group NV bought a new stake in shares of Curbline Properties during the 4th quarter worth approximately $89,000.

Curbline Properties Price Performance

The stock’s fifty day simple moving average is $23.75.

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.