Curbline Properties (NYSE:CURB) Reaches New 52-Week High – Should You Buy?

Curbline Properties Corp. (NYSE:CURB) shares reached a new 52-week high during mid-day trading on Friday . The stock traded as high as $26.01 and last traded at $25.58, with a volume of 15931 shares. The stock had previously closed at $25.36.

Analysts Set New Price Targets

A number of brokerages have weighed in on CURB. Truist Financial set a $27.00 price target on shares of Curbline Properties in a report on Tuesday, January 20th. Wolfe Research upgraded Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research note on Monday, January 12th. Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $25.00 to $27.00 in a research note on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. Finally, UBS Group set a $27.00 price target on shares of Curbline Properties in a report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, Curbline Properties presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.22.

Curbline Properties Trading Up 0.1%

The firm has a fifty day moving average of $23.63 and a 200 day moving average of $23.15. The firm has a market capitalization of $2.67 billion, a PE ratio of 63.53 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were paid a $0.16 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.64 annualized dividend and a dividend yield of 2.5%. Curbline Properties’s dividend payout ratio is 160.00%.

Hedge Funds Weigh In On Curbline Properties

Institutional investors have recently added to or reduced their stakes in the company. Handelsbanken Fonder AB grew its stake in shares of Curbline Properties by 15.3% during the fourth quarter. Handelsbanken Fonder AB now owns 29,400 shares of the company’s stock valued at $682,000 after acquiring an additional 3,900 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of Curbline Properties by 3.2% in the fourth quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in Curbline Properties by 83.5% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company’s stock valued at $2,969,000 after purchasing an additional 58,200 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Curbline Properties by 4.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,442 shares of the company’s stock valued at $1,745,000 after purchasing an additional 3,154 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in Curbline Properties by 426.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock valued at $57,123,000 after purchasing an additional 1,993,711 shares in the last quarter.

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.