Curbline Properties Corp. (NYSE:CURB) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Curbline Properties Corp. (NYSE:CURB) have earned a consensus recommendation of “Moderate Buy” from the eight analysts that are presently covering the stock, MarketBeat reports. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $27.00.

CURB has been the subject of several research analyst reports. Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and upped their price target 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 Curbline Properties in a report on Thursday, December 4th. Truist Financial raised their price target on shares of Curbline Properties from $23.00 to $24.00 and gave the company a “hold” rating in a report on Monday, November 24th. KeyCorp raised shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Thursday, December 4th. Finally, Morgan Stanley boosted their price objective on shares of Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday.

Curbline Properties Stock Performance

NYSE CURB opened at $23.33 on Thursday. 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 fifty-two week low of $20.91 and a fifty-two week high of $25.69. The business has a fifty day moving average of $23.29 and a 200-day moving average of $22.95. The stock has a market cap of $2.46 billion, a price-to-earnings ratio of 58.31 and a beta of 0.48.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The company had revenue of $48.65 million during the quarter, compared to the consensus estimate of $43.29 million. Curbline Properties’s revenue for the quarter was up 63.1% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. As a group, analysts predict that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties announced that its Board of Directors has initiated a stock repurchase plan on Thursday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

Curbline Properties Dividend Announcement

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

Institutional Investors Weigh In On Curbline Properties

Several institutional investors and hedge funds have recently modified their holdings of the stock. CIBC Bancorp USA Inc. purchased a new stake in shares of Curbline Properties during the 3rd quarter valued at about $232,000. Verition Fund Management LLC grew its position in Curbline Properties by 160.0% in the third quarter. Verition Fund Management LLC now owns 26,201 shares of the company’s stock valued at $584,000 after acquiring an additional 16,123 shares in the last quarter. Qube Research & Technologies Ltd grew its position in Curbline Properties by 18.1% in the third quarter. Qube Research & Technologies Ltd now owns 1,089,405 shares of the company’s stock valued at $24,294,000 after acquiring an additional 167,055 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Curbline Properties by 8.7% during the third quarter. Bank of America Corp DE now owns 414,504 shares of the company’s stock valued at $9,243,000 after purchasing an additional 33,045 shares during the period. Finally, Boothbay Fund Management LLC lifted its position in shares of Curbline Properties by 7.4% during the third quarter. Boothbay Fund Management LLC now owns 462,661 shares of the company’s stock worth $10,317,000 after purchasing an additional 31,916 shares in 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.