Curbline Properties (NYSE:CURB) Hits New 1-Year High After Earnings Beat

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

The company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01.

Curbline Properties Dividend Announcement

The business also recently announced a dividend, which was paid on Thursday, January 16th. Stockholders of record on Tuesday, December 31st were issued a dividend of $0.25 per share. The ex-dividend date was Tuesday, December 31st.

Analysts Set New Price Targets

Several analysts recently issued reports on CURB shares. Morgan Stanley started coverage on Curbline Properties in a report on Wednesday, January 29th. They issued an “equal weight” rating and a $27.00 price target on the stock. Compass Point raised their target price on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Piper Sandler upped their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $25.82.

Institutional Investors Weigh In On Curbline Properties

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

Curbline Properties Price Performance

The business has a 50-day moving average of $23.76.

About Curbline Properties

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.