Curbline Properties (NYSE:CURB) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Curbline Properties Corp. (NYSE:CURB) shares passed below its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $28.12 and traded as low as $27.77. Curbline Properties shares last traded at $28.0280, with a volume of 1,302,071 shares changing hands.

Wall Street Analysts Forecast Growth

CURB has been the subject of a number of research analyst reports. Weiss Ratings cut Curbline Properties from a “buy (b-)” rating to a “hold (c)” rating in a report on Friday, October 23rd. Wall Street Zen lowered Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Truist Financial began coverage on Curbline Properties in a research note on Thursday, October 1st. They set a “buy” rating and a $33.00 target price on the stock. KeyCorp lifted their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Finally, Citigroup boosted their price target on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $32.33.

Curbline Properties Stock Performance

The stock’s 50-day simple moving average is $28.47 and its 200-day simple moving average is $28.17. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 23.94 and a beta of 0.53. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.15.

Curbline Properties (NYSE:CURB) last announced its earnings results on Thursday, October 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $71.10 million for the quarter, compared to the consensus estimate of $66.53 million. Curbline Properties had a return on equity of 1.34% and a net margin of 11.13%. The firm’s revenue for the quarter was up 46.3% compared to the same quarter last year. During the same period in the prior year, the business posted $0.09 earnings per share. Analysts forecast that Curbline Properties Corp. will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were issued a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.68 annualized dividend and a yield of 2.4%. Curbline Properties’s payout ratio is currently 283.33%.

Insiders Place Their Bets

In other news, Director Alexander Otto sold 221,812 shares of the company’s stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $29.68, for a total transaction of $6,583,380.16. Following the completion of the sale, the director directly owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last ninety days, insiders sold 1,391,785 shares of company stock valued at $41,778,208. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in Curbline Properties by 7.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,774 shares of the company’s stock valued at $662,000 after acquiring an additional 1,700 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. raised its stake in Curbline Properties by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,786 shares of the company’s stock worth $2,916,000 after acquiring an additional 1,745 shares in the last quarter. ProShare Advisors LLC lifted its holdings in shares of Curbline Properties by 4.8% in the third quarter. ProShare Advisors LLC now owns 14,779 shares of the company’s stock worth $411,000 after acquiring an additional 676 shares during the last quarter. Asset Management One Co. Ltd. lifted its holdings in shares of Curbline Properties by 12.4% in the third quarter. Asset Management One Co. Ltd. now owns 206,614 shares of the company’s stock worth $5,750,000 after acquiring an additional 22,814 shares during the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in shares of Curbline Properties by 7.2% in the third quarter. Yousif Capital Management LLC now owns 27,799 shares of the company’s stock worth $774,000 after acquiring an additional 1,858 shares during the last quarter.

Curbline Properties Company Profile

Curbline Properties Corp. is a real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio is designed to serve everyday consumer needs and generally includes open-air shopping centers, neighborhood retail centers and other properties occupied by service providers, grocery-related businesses and other necessity-based tenants.

The company primarily targets well-located properties in suburban communities across the United States. Curbline emphasizes assets in high-traffic areas that are convenient for nearby residents and supported by recurring local demand.