Curbline Properties (NYSE:CURB) Announces Earnings Results, Misses Expectations By $0.18 EPS

Curbline Properties (NYSE:CURB) announced its earnings results on Monday. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18), FiscalAI reports. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The business had revenue of $54.15 million for the quarter, compared to analysts’ expectations of $52.15 million.

Curbline Properties Stock Down 0.1%

Shares of CURB stock opened at $25.34 on Monday. The stock’s fifty day moving average price is $23.66 and its 200 day moving average price is $23.17. Curbline Properties has a 1-year low of $20.91 and a 1-year high of $26.01. The company has a market cap of $2.67 billion, a price-to-earnings ratio of 63.35 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a current ratio of 9.99 and a quick ratio of 9.99.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were given a $0.16 dividend. The ex-dividend date of this dividend was Monday, December 22nd. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.5%. Curbline Properties’s dividend payout ratio (DPR) is presently 160.00%.

Wall Street Analysts Forecast Growth

CURB has been the topic of several research reports. UBS Group set a $27.00 price objective on shares of Curbline Properties in a report on Thursday, December 4th. Morgan Stanley lifted their price target on Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Wolfe Research raised Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, January 12th. Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. Finally, Truist Financial set a $27.00 target price on Curbline Properties in a research note on Tuesday, January 20th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Curbline Properties has a consensus rating of “Moderate Buy” and a consensus target price of $27.22.

Institutional Investors Weigh In On Curbline Properties

A number of large investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in shares of Curbline Properties by 43.7% during the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after buying an additional 5,351 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Curbline Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock valued at $1,367,000 after buying an additional 2,483 shares during the period. Goldman Sachs Group Inc. increased its holdings in Curbline Properties by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after buying an additional 77,322 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of Curbline Properties in the first quarter worth about $4,025,000. Finally, Intech Investment Management LLC raised its position in shares of Curbline Properties by 58.6% in the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock worth $1,257,000 after acquiring an additional 19,204 shares during the period.

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.