Curbline Properties (NYSE:CURB) Given Average Recommendation of “Hold” by Analysts

Curbline Properties (NYSE:CURB) has been given an average recommendation of “Hold” by the eight ratings firms that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $25.82.

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

Institutional Investors Weigh In On Curbline Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $29,000. Quadrant Capital Group LLC purchased a new stake in Curbline Properties during the 4th quarter worth $31,000. Smartleaf Asset Management LLC acquired a new position in Curbline Properties in the 4th quarter worth $31,000. Covestor Ltd boosted its position in Curbline Properties by 390.2% in the 4th quarter. Covestor Ltd now owns 1,593 shares of the company’s stock valued at $37,000 after buying an additional 1,268 shares during the last quarter. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $40,000.

Curbline Properties Stock Performance

Curbline Properties stock opened at $23.34 on Friday. The business’s 50-day moving average price is $24.14. Curbline Properties has a 12-month low of $20.16 and a 12-month high of $25.69.

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

Curbline Properties Cuts Dividend

The business also recently disclosed 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 dividend yield of 2.74%. The ex-dividend date of this dividend is Friday, March 14th.

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.