Curbline Properties (NYSE:CURB) Stock Price Breaks Below Two Hundred Day Moving Average - Here's What Happened

Key Points

• Curbline Properties shares fell below their 200-day moving average, reaching $27.77 before last trading near $28.03, down 0.7%.
• Analyst sentiment remains generally positive, with a consensus “Moderate Buy” rating and an average price target of $32.33, despite mixed individual revisions.
• The company reported quarterly revenue of $71.1 million, up 46.3% year over year, but missed EPS expectations by one cent; it also maintains a $0.17 quarterly dividend, yielding about 2.4%.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) 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 traded.

Wall Street Analyst Weigh In

CURB has been the subject of a number of analyst reports. Piper Sandler dropped their price target on Curbline Properties from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday, October 12th. Wall Street Zen cut shares of Curbline Properties from a "sell" rating to a "strong sell" rating in a research report on Saturday, October 24th. KeyCorp increased their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Jefferies Financial Group initiated coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They issued a "buy" rating and a $36.00 target price on the stock. Finally, Citigroup raised their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Curbline Properties presently has an average rating of "Moderate Buy" and a consensus target price of $32.33.

Curbline Properties Stock Down 0.7%

The firm's fifty day moving average is $28.51 and its 200-day moving average is $28.12. The company has a market capitalization of $3.40 billion, a P/E ratio of 116.79 and a beta of 0.53. 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 issued its quarterly earnings data 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 net margin of 11.13% and a return on equity of 1.34%. The company had revenue of $71.10 million during the quarter, compared to the consensus estimate of $66.53 million. During the same period in the previous year, the company earned $0.09 EPS. Curbline Properties's revenue for the quarter was up 46.3% on a year-over-year basis. As a group, equities research analysts predict that Curbline Properties Corp. will post 1.26 EPS for the current year.

Curbline Properties Announces Dividend

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

Insider Activity at Curbline Properties

In other news, Director Alexander Otto sold 221,812 shares of the stock in a transaction on Tuesday, September 8th. The stock was 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 in the company, valued at approximately $195,483,461.60. This represents a 3.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last three months, insiders sold 1,391,785 shares of company stock valued at $41,778,208. 8.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Curbline Properties

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. 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 last quarter. Rockefeller Capital Management L.P. increased its position in 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 acquiring an additional 654 shares during the period. Amundi raised its stake in shares of Curbline Properties by 2.1% during the second quarter. Amundi now owns 53,080 shares of the company's stock valued at $1,614,000 after acquiring an additional 1,113 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in shares of Curbline Properties by 25.7% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,750 shares of the company's stock valued at $244,000 after acquiring an additional 1,787 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Curbline Properties during the second quarter valued at $55,000.

About Curbline Properties

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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