OVERSEA CHINESE BANKING Corp Ltd Raises Stock Holdings in Curbline Properties Corp. $CURB

OVERSEA CHINESE BANKING Corp Ltd lifted its stake in Curbline Properties Corp. (NYSE:CURB) by 56.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 169,846 shares of the company’s stock after acquiring an additional 61,587 shares during the quarter. OVERSEA CHINESE BANKING Corp Ltd owned 0.16% of Curbline Properties worth $3,788,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its holdings in Curbline Properties by 28.5% in the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after purchasing an additional 2,091 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Curbline Properties by 120.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock worth $220,000 after buying an additional 5,268 shares during the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Curbline Properties in the second quarter worth $237,000. State of Wyoming increased its position in Curbline Properties by 437.2% during the second quarter. State of Wyoming now owns 11,948 shares of the company’s stock valued at $273,000 after acquiring an additional 9,724 shares during the last quarter. Finally, Metis Global Partners LLC lifted its holdings in Curbline Properties by 30.6% in the second quarter. Metis Global Partners LLC now owns 15,643 shares of the company’s stock valued at $357,000 after acquiring an additional 3,663 shares during the period.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. KeyCorp raised shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research report on Thursday, December 4th. Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. UBS Group set a $27.00 target price on shares of Curbline Properties in a research note on Thursday, December 4th. Finally, Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Curbline Properties currently has an average rating of “Moderate Buy” and an average target price of $26.89.

Curbline Properties Stock Down 0.7%

NYSE CURB opened at $23.96 on Thursday. Curbline Properties Corp. has a 12 month low of $20.91 and a 12 month high of $25.69. The stock’s 50 day moving average is $23.35 and its 200 day moving average is $22.98. The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 0.21. The stock has a market cap of $2.52 billion, a PE ratio of 59.91 and a beta of 0.48.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The company had revenue of $48.65 million for the quarter, compared to the consensus estimate of $43.29 million. The firm’s quarterly revenue 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 predict that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties declared that its Board of Directors has approved a share repurchase program on Thursday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Monday, December 22nd. Curbline Properties’s dividend payout ratio is 160.00%.

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.