Curbline Properties (NYSE:CURB) Sets New 52-Week High on Earnings Beat

Curbline Properties (NYSE:CURB - Get Free Report)'s stock price hit a new 52-week high during trading on Tuesday following a stronger than expected earnings report. 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 EPS for the quarter, beating 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. Investors of record on Tuesday, December 31st were paid a $0.25 dividend. The ex-dividend date was Tuesday, December 31st.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on CURB shares. Piper Sandler increased their price target on Curbline Properties from $28.00 to $31.00 and gave the company an "overweight" rating in a research note on Wednesday. Compass Point increased their price target on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Morgan Stanley started coverage on Curbline Properties in a research note on Wednesday, January 29th. They issued an "equal weight" rating and a $27.00 price target on the stock. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.82.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in CURB. GAMMA Investing LLC bought a new position in Curbline Properties during the 4th quarter worth $29,000. Smartleaf Asset Management LLC bought a new position in Curbline Properties during the 4th quarter worth $31,000. Quadrant Capital Group LLC bought a new position in Curbline Properties during the 4th quarter worth $31,000. Covestor Ltd increased its position in Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Curbline Properties during the 4th quarter worth $62,000.

Curbline Properties Price Performance

The business has a 50-day simple moving average of $23.77.

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.