Curbline Properties (NYSE:CURB) Stock Gets Price Target Cut from Piper Sandler

Curbline Properties (NYSE:CURB) had its target price cut by Piper Sandler from $39.00 to $38.00 in a report published on Monday,Benzinga reports. They currently have an overweight rating on the stock.

A number of other analysts also recently issued reports on CURB. Citigroup increased their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Truist Financial assumed coverage on shares of Curbline Properties in a research note on Thursday, October 1st. They set a “buy” rating and a $33.00 price objective for the company. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $32.33.

Curbline Properties Stock Performance

Shares of NYSE:CURB opened at $26.48 on Monday. The firm has a market capitalization of $3.05 billion, a PE ratio of 23.33 and a beta of 0.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63. The business has a 50-day moving average of $28.97 and a two-hundred day moving average of $29.04. Curbline Properties has a 12 month low of $22.30 and a 12 month high of $32.15.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. The company had revenue of $63.30 million for the quarter, compared to the consensus estimate of $57.25 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%. The company’s quarterly revenue was up 52.9% compared to the same quarter last year. During the same period last year, the business posted $0.26 EPS. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, research analysts forecast that Curbline Properties will post 1.25 earnings per share for the current year.

Curbline Properties Dividend Announcement

The company 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 was Tuesday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 2.6%. Curbline Properties’s payout ratio is currently 251.85%.

Insiders Place Their Bets

In other Curbline Properties news, Director Alexander Otto sold 221,812 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $29.68, for a total value of $6,583,380.16. Following the completion of the transaction, the director directly owned 6,586,370 shares of the company’s stock, valued at $195,483,461.60. This represents a 3.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Conor Fennerty sold 55,105 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $30.38, for a total value of $1,674,089.90. Following the sale, the executive vice president owned 153,909 shares of the company’s stock, valued at $4,675,755.42. This represents a 26.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,446,890 shares of company stock worth $43,452,298 in the last quarter. 8.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new position in shares of Curbline Properties during the second quarter worth about $531,338,000. Principal Financial Group Inc. grew its stake in Curbline Properties by 110.3% in the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after purchasing an additional 2,714,859 shares in the last quarter. Alyeska Investment Group L.P. increased its holdings in Curbline Properties by 50.2% in the second quarter. Alyeska Investment Group L.P. now owns 3,457,221 shares of the company’s stock valued at $105,100,000 after buying an additional 1,155,731 shares during the last quarter. Deutsche Bank AG bought a new stake in Curbline Properties in the second quarter valued at about $62,145,000. Finally, Wellington Management Group LLP increased its holdings in Curbline Properties by 138.3% in the second quarter. Wellington Management Group LLP now owns 1,987,340 shares of the company’s stock valued at $60,415,000 after buying an additional 1,153,326 shares during the last quarter.

Curbline Properties Company Profile

Curbline Properties Corp. (NYSE: CURB) is a real estate investment trust focused on owning, operating, acquiring and managing convenience-oriented retail properties in the United States. Its portfolio is designed to serve everyday consumer needs and is generally located in established, high-traffic neighborhoods.

The company’s properties are typically smaller-format, open-air retail centers occupied by service providers, restaurants, healthcare operators, grocery and other convenience-focused businesses.