Curbline Properties (NYSE:CURB) Reaches New 12-Month High – Here’s Why

Shares of Curbline Properties (NYSE:CURB) hit a new 52-week high on Monday . The company traded as high as $25.46 and last traded at $25.19, with a volume of 30576 shares trading hands. The stock had previously closed at $24.52.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on CURB shares. Stifel Nicolaus started coverage on Curbline Properties in a report on Wednesday, October 2nd. They issued a “buy” rating and a $24.75 price objective on the stock. Compass Point initiated coverage on Curbline Properties in a report on Wednesday, January 15th. They set a “neutral” rating and a $24.00 price target on the stock. Citigroup initiated coverage on Curbline Properties in a report on Tuesday, October 8th. They set a “neutral” rating and a $25.00 price target on the stock. KeyCorp initiated coverage on Curbline Properties in a report on Monday, October 7th. They set a “sector weight” rating on the stock. Finally, Piper Sandler initiated coverage on Curbline Properties in a report on Thursday, October 17th. They set an “overweight” rating and a $28.00 price target on the stock. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $24.79.

Curbline Properties Trading Up 2.6 %

The stock’s fifty day moving average price is $23.60.

Curbline Properties Dividend Announcement

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

Hedge Funds Weigh In On Curbline Properties

Several institutional investors have recently bought and sold shares of CURB. Waterfront Capital Partners LLC acquired a new position in Curbline Properties in the 3rd quarter valued at about $1,460,000. GAMMA Investing LLC acquired a new position in Curbline Properties in the 4th quarter valued at about $29,000. Pensionfund Sabic acquired a new position in shares of Curbline Properties during the fourth quarter worth about $232,000. Perpetual Ltd acquired a new position in shares of Curbline Properties during the fourth quarter worth about $438,000. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Curbline Properties during the fourth quarter worth about $811,000.

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.