Curbline Properties Corp. (NYSE:CURB) Receives Average Recommendation of “Moderate Buy” from Analysts

Curbline Properties Corp. (NYSE:CURB) has received a consensus rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $27.20.

A number of analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a research note on Thursday, November 13th. LADENBURG THALM/SH SH assumed coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $25.00 price objective for the company. Morgan Stanley raised shares of Curbline Properties to an “overweight” rating in a research report on Friday, October 3rd. Finally, Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $27.00 in a report on Wednesday.

Institutional Investors Weigh In On Curbline Properties

Several hedge funds have recently bought and sold shares of the company. Nuveen LLC acquired a new position in shares of Curbline Properties in the first quarter valued at $56,521,000. T. Rowe Price Investment Management Inc. raised its holdings in Curbline Properties by 28.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock valued at $160,241,000 after acquiring an additional 1,474,896 shares during the period. Wellington Management Group LLP raised its holdings in Curbline Properties by 3,409.1% in the 1st quarter. Wellington Management Group LLP now owns 1,432,024 shares of the company’s stock valued at $34,641,000 after acquiring an additional 1,391,215 shares during the period. Hudson Bay Capital Management LP acquired a new stake in Curbline Properties during the second quarter worth approximately $19,285,000. Finally, Aew Capital Management L P boosted its holdings in shares of Curbline Properties by 111.2% during the third quarter. Aew Capital Management L P now owns 1,547,924 shares of the company’s stock worth $34,519,000 after acquiring an additional 815,060 shares during the period.

Curbline Properties Price Performance

Shares of CURB stock opened at $23.29 on Wednesday. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 0.21. Curbline Properties has a 12 month low of $20.91 and a 12 month high of $25.69. The firm has a market cap of $2.45 billion and a price-to-earnings ratio of 58.23. The stock has a 50-day moving average price of $23.06 and a 200 day moving average price of $22.84.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The business had revenue of $48.65 million during the quarter, compared to analysts’ expectations of $43.29 million. Curbline Properties’s revenue for the quarter was up 63.1% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. Research analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 30th. Curbline Properties’s payout ratio is presently 160.00%.

Curbline Properties declared that its Board of Directors has approved a stock repurchase plan on Thursday, October 2nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to purchase up to 10.6% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board believes its stock is undervalued.

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.