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

Shares of Curbline Properties (NYSE:CURB) have received a consensus recommendation of “Hold” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $25.68.

CURB has been the subject of several recent research reports. Piper Sandler boosted 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. Morgan Stanley dropped their price target on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, April 24th. Finally, Compass Point raised 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.

Hedge Funds Weigh In On Curbline Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. bought a new position in Curbline Properties during the fourth quarter worth about $343,497,000. FMR LLC acquired a new stake in shares of Curbline Properties during the fourth quarter worth about $323,575,000. T. Rowe Price Investment Management Inc. bought a new position in shares of Curbline Properties during the 4th quarter valued at about $119,568,000. Geode Capital Management LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $54,894,000. Finally, GRS Advisors LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $51,890,000.

Curbline Properties Price Performance

Shares of Curbline Properties stock opened at $23.34 on Monday. The firm has a 50 day simple moving average of $23.33 and a 200 day simple moving average of $23.69. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB) last released its earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analyst estimates of $34.51 million. Curbline Properties’s quarterly revenue was up 38.2% on a year-over-year basis. On average, analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.74%. The ex-dividend date of this dividend is Wednesday, June 18th.

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.