Curbline Properties (NYSE:CURB) Sets New 52-Week High – Time to Buy?

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

Analyst Ratings Changes

A number of brokerages have issued reports on CURB. Compass Point began coverage on Curbline Properties in a report on Wednesday, January 15th. They issued a “neutral” rating and a $24.00 price target for the company. KeyCorp assumed coverage on shares of Curbline Properties in a research report on Monday, October 7th. They set a “sector weight” rating on the stock. Stifel Nicolaus initiated coverage on shares of Curbline Properties in a research report on Wednesday, October 2nd. They issued a “buy” rating and a $24.75 price objective for the company. JPMorgan Chase & Co. began coverage on Curbline Properties in a research report on Friday, October 4th. They set an “overweight” rating and a $25.00 target price on the stock. Finally, Piper Sandler initiated coverage on Curbline Properties in a research report on Thursday, October 17th. They issued an “overweight” rating and a $28.00 price objective for the company. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Curbline Properties presently has a consensus rating of “Hold” and an average price target of $25.11.

Curbline Properties Price Performance

The company’s fifty day moving average is $23.66.

Curbline Properties Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, January 16th. Investors of record on Tuesday, December 31st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, December 31st.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Sumitomo Mitsui DS Asset Management Company Ltd acquired a new position in shares of Curbline Properties during the 4th quarter valued at about $377,000. Sumitomo Mitsui Trust Group Inc. acquired a new position in Curbline Properties in the 4th quarter valued at about $18,320,000. State of Alaska Department of Revenue purchased a new stake in shares of Curbline Properties in the 4th quarter valued at approximately $2,302,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Curbline Properties during the 4th quarter worth approximately $62,000. Finally, Stratos Wealth Partners LTD. purchased a new stake in shares of Curbline Properties during the 4th quarter valued at approximately $219,000.

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.