Curbline Properties (NYSE:CURB) Sets New 1-Year High on Better-Than-Expected Earnings

Shares of Curbline Properties (NYSE:CURB) hit a new 52-week high on Tuesday following a better than expected earnings announcement. The stock traded as high as $25.69 and last traded at $24.81, with a volume of 21508 shares traded. The stock had previously closed at $24.62.

The company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01.

Curbline Properties Dividend Announcement

The firm also recently declared a dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were given a $0.25 dividend. The ex-dividend date was Tuesday, December 31st.

Analysts Set New Price Targets

CURB has been the subject of a number of recent research reports. Morgan Stanley began coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price objective for the company. Piper Sandler started coverage on Curbline Properties in a research report on Thursday, October 17th. They issued an “overweight” rating and a $28.00 price target for the company. Finally, Compass Point started coverage on Curbline Properties in a report on Wednesday, January 15th. They set a “neutral” rating and a $24.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Curbline Properties has an average rating of “Hold” and a consensus target price of $25.11.

Institutional Trading of Curbline Properties

Several institutional investors and hedge funds have recently modified their holdings of the business. GAMMA Investing LLC purchased a new position in shares of Curbline Properties during the fourth quarter worth about $29,000. Smartleaf Asset Management LLC bought a new stake in Curbline Properties during the fourth quarter valued at approximately $31,000. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of Curbline Properties during the 4th quarter valued at $62,000. Vestcor Inc bought a new stake in shares of Curbline Properties during the 4th quarter worth $73,000. Finally, KBC Group NV purchased a new position in Curbline Properties in the fourth quarter worth $89,000.

Curbline Properties Price Performance

The business’s 50 day simple moving average is $23.74.

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.