Brokerages Set Curbline Properties Corp. (NYSE:CURB) Target Price at $25.68

Curbline Properties Corp. (NYSE:CURB - Get Free Report) has earned an average recommendation of "Hold" from the eight brokerages that are currently covering the stock, MarketBeat reports. Five equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $25.68.

Separately, Morgan Stanley reduced their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th.

Institutional Trading of Curbline Properties

Several hedge funds have recently modified their holdings of CURB. BROOKFIELD Corp ON bought a new position in Curbline Properties during the first quarter valued at $7,662,000. Strs Ohio bought a new position in shares of Curbline Properties in the 1st quarter valued at about $10,289,000. Intech Investment Management LLC lifted its holdings in shares of Curbline Properties by 58.6% in the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company's stock valued at $1,257,000 after acquiring an additional 19,204 shares during the last quarter. Jane Street Group LLC purchased a new position in Curbline Properties in the first quarter worth about $4,025,000. Finally, Caxton Associates LLP bought a new stake in Curbline Properties during the first quarter worth approximately $400,000.

Curbline Properties Stock Performance

Shares of CURB traded up $0.06 during mid-day trading on Tuesday, hitting $22.90. 1,016,605 shares of the company's stock traded hands, compared to its average volume of 590,161. Curbline Properties has a 1 year low of $18.80 and a 1 year high of $25.69. The business's 50-day moving average price is $22.96 and its 200-day moving average price is $23.48. The company has a debt-to-equity ratio of 0.05, a current ratio of 27.77 and a quick ratio of 27.77.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The company had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. The company's revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, equities analysts predict that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be given a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%.

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.