Curbline Properties (NYSE:CURB) Sets New 12-Month High – What’s Next?

Curbline Properties Corp. (NYSE:CURB)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as $30.99 and last traded at $30.9550, with a volume of 53681 shares trading hands. The stock had previously closed at $30.42.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CURB. KeyCorp raised their price target on shares of Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday. Morgan Stanley restated an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Citigroup raised their target price on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Truist Financial lifted their price target on shares of Curbline Properties from $27.00 to $31.00 and gave the company 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 equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $29.67.

Curbline Properties Stock Up 0.7%

The company has a market cap of $3.30 billion, a P/E ratio of 100.72 and a beta of 0.55. The stock has a 50-day moving average of $28.68 and a 200 day moving average of $26.41. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.23. The firm had revenue of $57.99 million for the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The business’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research 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 disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. Curbline Properties’s dividend payout ratio (DPR) is 219.35%.

Institutional Investors Weigh In On Curbline Properties

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. increased its stake in shares of Curbline Properties by 110.3% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares during the last quarter. T. Rowe Price Investment Management Inc. lifted its position in shares of Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after buying an additional 2,365,894 shares during the last quarter. Aew Capital Management L P boosted its stake in Curbline Properties by 111.2% in the third quarter. Aew Capital Management L P now owns 1,547,924 shares of the company’s stock valued at $34,519,000 after buying an additional 815,060 shares in the last quarter. Balyasny Asset Management L.P. grew its position in Curbline Properties by 36.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock valued at $49,414,000 after acquiring an additional 577,037 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after acquiring an additional 562,642 shares during the last quarter.

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.