Analyst Ki Bin Kim of Truist Financial maintained a Hold rating on Curbline Properties Corp., retaining the price target of $23.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Ki Bin Kim’s rating is based on a combination of factors that reflect both positive and cautious elements in Curbline Properties Corp.’s performance. The company has exceeded its asset acquisition targets, acquiring $155 million in the second quarter and $539 million year-to-date, surpassing the original guidance of $500 million and moving towards a new target of $700 million. This demonstrates strong execution in their acquisition strategy.
However, despite these achievements, the raised guidance for Operating FFO per share was only slightly above expectations, with a midpoint of $1.015 per share compared to the consensus estimate of $1.01 per share. While there was a notable increase in same-store net operating income and occupancy rates, the overall financial improvements were modest. These mixed results, with strong operational metrics but only incremental financial gains, likely led to the Hold rating, suggesting that while the company is performing well, the stock may not offer significant upside potential at this time.
Based on the recent corporate insider activity of 23 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CURB in relation to earlier this year.