Curbline Properties (NYSE:CURB) Price Target Raised to $34.00

Key Points

• Truist Financial raised Curbline Properties’ price target to $34 from $33 and maintained a “buy” rating, implying 18.41% upside from the stock’s $28.71 price.
• Analyst sentiment remains mixed but leans positive: six analysts rate the stock “Buy” and three rate it “Hold,” resulting in a “Moderate Buy” consensus and an average price target of $32.44.
• Curbline’s quarterly revenue increased 46.3% year over year to $71.10 million, exceeding estimates, although earnings of $0.06 per share missed expectations by $0.01.

Curbline Properties (NYSE:CURB - Get Free Report) had its price target boosted by equities research analysts at Truist Financial from $33.00 to $34.00 in a research report issued on Monday, Benzinga reports. The firm currently has a "buy" rating on the stock. Truist Financial's target price would indicate a potential upside of 18.41% from the company's current price.

A number of other brokerages have also commented on CURB. Weiss Ratings lowered shares of Curbline Properties from a "buy (b-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. Wall Street Zen downgraded Curbline Properties from a "sell" rating to a "strong sell" rating in a report on Saturday, October 24th. KeyCorp raised their target price on Curbline Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Citigroup lifted their target price on Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Piper Sandler reduced their price target on Curbline Properties from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, October 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $32.44.

Curbline Properties Trading Up 0.6%

Shares of Curbline Properties stock traded up $0.18 on Monday, hitting $28.71. The stock had a trading volume of 173,974 shares, compared to its average volume of 1,112,451. The stock has a 50 day moving average of $28.47 and a 200 day moving average of $28.17. The firm has a market capitalization of $3.49 billion, a P/E ratio of 119.63 and a beta of 0.51. Curbline Properties has a twelve month low of $22.30 and a twelve month high of $32.15. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.51 and a current ratio of 0.51.

Curbline Properties (NYSE:CURB - Get Free Report) last posted 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). Curbline Properties had a return on equity of 1.34% and a net margin of 11.13%. The business had revenue of $71.10 million for the quarter, compared to analyst estimates of $66.53 million. During the same quarter in the prior year, the business earned $0.09 earnings per share. The firm's quarterly revenue was up 46.3% on a year-over-year basis. Sell-side analysts expect that Curbline Properties will post 1.26 earnings per share for the current fiscal year.

Insider Activity at Curbline Properties

In other news, Director Alexander Otto sold 2,344 shares of the stock in a transaction on Thursday, September 10th. The shares were sold at an average price of $29.51, for a total transaction of $69,171.44. Following the completion of the sale, the director directly owned 6,550,914 shares in the company, valued at $193,317,472.14. This represents a 0.04% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Over the last 90 days, insiders have sold 1,391,785 shares of company stock valued at $41,778,208. Corporate insiders own 8.70% of the company's stock.

Institutional Trading of Curbline Properties

A number of institutional investors have recently bought and sold shares of CURB. Nissay Asset Management Corp Japan grew its holdings in Curbline Properties by 2.9% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 15,466 shares of the company's stock worth $470,000 after acquiring an additional 433 shares during the period. Rockefeller Capital Management L.P. lifted its stake in shares of Curbline Properties by 125.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 654 shares during the period. ProShare Advisors LLC boosted its position in shares of Curbline Properties by 4.8% during the 3rd quarter. ProShare Advisors LLC now owns 14,779 shares of the company's stock valued at $411,000 after purchasing an additional 676 shares in the last quarter. Amundi boosted its position in shares of Curbline Properties by 2.1% during the 2nd quarter. Amundi now owns 53,080 shares of the company's stock valued at $1,614,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund boosted its position in shares of Curbline Properties by 7.7% during the 3rd quarter. Oregon Public Employees Retirement Fund now owns 23,774 shares of the company's stock valued at $662,000 after purchasing an additional 1,700 shares in 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.

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