Curbline Properties Corp. (NYSE:CURB - Get Free Report) CAO Christina Yarian sold 5,000 shares of the business's stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $29.97, for a total transaction of $149,850.00. Following the completion of the sale, the chief accounting officer owned 18,697 shares of the company's stock, valued at approximately $560,349.09. The trade was a 21.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Curbline Properties Trading Down 0.6%
CURB stock traded down $0.19 on Friday, hitting $29.34. 1,958,086 shares of the company were exchanged, compared to its average volume of 1,404,664. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.51 and a quick ratio of 0.51. The stock has a market capitalization of $3.56 billion, a price-to-earnings ratio of 122.26 and a beta of 0.51. Curbline Properties Corp. has a twelve month low of $22.33 and a twelve month high of $32.15. The business's fifty day moving average is $28.42 and its two-hundred day moving average is $28.30.
Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings results on Thursday, October 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates 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 analyst estimates of $66.53 million. During the same quarter last year, the business earned $0.09 EPS. The firm's revenue for the quarter was up 46.3% compared to the same quarter last year. As a group, research analysts forecast that Curbline Properties Corp. will post 1.26 earnings per share for the current year.
Curbline Properties Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th were issued a $0.17 dividend. The ex-dividend date was Tuesday, September 29th. This represents a $0.68 dividend on an annualized basis and a yield of 2.3%. Curbline Properties's dividend payout ratio (DPR) is presently 283.33%.
Institutional Investors Weigh In On Curbline Properties
A number of large investors have recently modified their holdings of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company's stock valued at $27,000 after buying an additional 654 shares during the period. Nykredit A S purchased a new stake in shares of Curbline Properties during the second quarter valued at approximately $55,000. Sanctuary Advisors LLC purchased a new stake in shares of Curbline Properties during the first quarter valued at approximately $224,000. 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 purchasing an additional 1,787 shares during the period. Finally, Arrowstreet Capital Limited Partnership acquired a new position in shares of Curbline Properties during the first quarter worth $243,000.
Analysts Set New Price Targets
Several equities research analysts have commented on the company. Jefferies Financial Group initiated coverage on Curbline Properties in a research note on Tuesday, August 25th. They set a "buy" rating and a $36.00 price target for the company. Weiss Ratings cut Curbline Properties from a "buy (b-)" rating to a "hold (c)" rating in a report on Friday, October 23rd. KeyCorp boosted their target price on Curbline Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Curbline Properties from a "sell" rating to a "strong sell" rating in a report on Saturday, October 24th. Finally, Citigroup lifted their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $32.44.
View Our Latest Analysis on CURB
Curbline Properties Company Profile
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Get Free Report)
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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