Curbline Properties (NYSE:CURB) Reaches New 52-Week High – Here’s Why

Curbline Properties Corp. (NYSE:CURB) hit a new 52-week high on Monday . The stock traded as high as $31.87 and last traded at $31.24, with a volume of 536 shares changing hands. The stock had previously closed at $31.66.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on CURB. KeyCorp raised their price objective on shares of Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. Wall Street Zen cut shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research report on Monday, May 4th. Citigroup increased their price target on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Truist Financial raised their price target on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $29.67.

Curbline Properties Stock Down 1.0%

The business’s 50-day moving average is $28.85 and its two-hundred day moving average is $26.53. The firm has a market capitalization of $3.31 billion, a price-to-earnings ratio of 101.18 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The firm had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $53.34 million. During the same quarter in the previous year, the company earned $0.24 earnings per share. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, equities analysts anticipate that Curbline Properties Corp. will post 1.22 earnings per share for the current year.

Curbline Properties Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. Curbline Properties’s payout ratio is 219.35%.

Institutional Trading of Curbline Properties

Several hedge funds have recently added to or reduced their stakes in CURB. Bank of America Corp DE lifted its holdings in Curbline Properties by 39.4% during the first quarter. Bank of America Corp DE now owns 645,997 shares of the company’s stock worth $16,660,000 after acquiring an additional 182,424 shares in the last quarter. Anson Funds Management LP bought a new stake in shares of Curbline Properties in the first quarter worth about $1,315,000. Amundi increased its holdings in shares of Curbline Properties by 7.6% in the first quarter. Amundi now owns 51,967 shares of the company’s stock worth $1,340,000 after acquiring an additional 3,674 shares in the last quarter. California State Teachers Retirement System raised its position in shares of Curbline Properties by 32.1% during the first quarter. California State Teachers Retirement System now owns 115,367 shares of the company’s stock worth $2,975,000 after purchasing an additional 28,022 shares during the period. Finally, Royal Bank of Canada raised its position in shares of Curbline Properties by 138.0% during the first quarter. Royal Bank of Canada now owns 11,137 shares of the company’s stock worth $287,000 after purchasing an additional 6,457 shares during the period.

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.