Curbline Properties Corp. (NYSE:CURB) Given Average Recommendation of “Moderate Buy” by Brokerages

Curbline Properties Corp. (NYSE:CURB) has been assigned an average rating of “Moderate Buy” from the nine research firms that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $27.2222.

A number of research analysts have recently weighed in on CURB shares. Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, January 12th. Truist Financial set a $27.00 target price on Curbline Properties in a research report on Tuesday, January 20th. UBS Group set a $27.00 target price on shares of Curbline Properties in a report on Thursday, December 4th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. Finally, Citigroup upgraded shares of Curbline Properties from a “neutral” rating to a “buy” rating and increased their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th.

Institutional Trading of Curbline Properties

Several institutional investors and hedge funds have recently modified their holdings of the company. New York State Teachers Retirement System raised its stake in Curbline Properties by 5.9% during the 4th quarter. New York State Teachers Retirement System now owns 35,353 shares of the company’s stock valued at $821,000 after purchasing an additional 1,962 shares during the period. State of New Jersey Common Pension Fund D raised its position in Curbline Properties by 1.1% in the 4th quarter. State of New Jersey Common Pension Fund D now owns 167,529 shares of the company’s stock worth $3,888,000 after purchasing an additional 1,802 shares during the period. M&T Bank Corp purchased a new stake in shares of Curbline Properties during the fourth quarter valued at $370,000. UBS Group AG boosted its holdings in shares of Curbline Properties by 175.2% in the fourth quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after purchasing an additional 270,800 shares during the period. Finally, Teacher Retirement System of Texas increased its position in Curbline Properties by 29.4% during the 4th quarter. Teacher Retirement System of Texas now owns 981,034 shares of the company’s stock valued at $22,770,000 after purchasing an additional 223,027 shares during the period.

Curbline Properties Stock Up 1.1%

Curbline Properties stock opened at $24.25 on Monday. The firm has a market capitalization of $2.56 billion, a price-to-earnings ratio of 60.63 and a beta of 0.47. The firm’s fifty day moving average price is $23.56 and its two-hundred day moving average price is $23.10. Curbline Properties has a 1-year low of $20.91 and a 1-year high of $25.69. The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 0.21.

Curbline Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Monday, December 22nd. Curbline Properties’s dividend payout ratio (DPR) is 160.00%.

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.