Truist Financial Upgrades Curbline Properties (NYSE:CURB) to “Buy”

Curbline Properties (NYSE:CURB) was upgraded by research analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday, Marketbeat reports.

A number of other brokerages have also commented on CURB. KeyCorp raised shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Thursday, December 4th. Morgan Stanley lifted their price target on shares of Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, November 19th. UBS Group set a $27.00 price objective on shares of Curbline Properties in a research note on Thursday, December 4th. Finally, Wolfe Research raised Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research report on Monday, January 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.22.

Curbline Properties Stock Performance

Shares of Curbline Properties stock opened at $24.37 on Tuesday. The company has a debt-to-equity ratio of 0.21, a current ratio of 9.99 and a quick ratio of 9.99. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 60.91 and a beta of 0.48. The stock’s 50-day moving average is $23.47 and its 200-day moving average is $23.03. Curbline Properties has a one year low of $20.91 and a one year high of $25.69.

Curbline Properties (NYSE:CURB) last announced its 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. The business had revenue of $48.65 million for the quarter, compared to analyst estimates of $43.29 million. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The company’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. Equities analysts predict that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties declared that its Board of Directors has approved a share repurchase plan on Thursday, October 2nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to buy up to 10.6% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Institutional Investors Weigh In On Curbline Properties

Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its position in Curbline Properties by 43.7% during the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after buying an additional 5,351 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Curbline Properties by 4.6% in 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 last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Curbline Properties by 11.9% during the 1st quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock worth $17,596,000 after acquiring an additional 77,322 shares during the period. Jane Street Group LLC acquired a new position in shares of Curbline Properties during the 1st quarter worth approximately $4,025,000. Finally, Intech Investment Management LLC raised its stake in Curbline Properties by 58.6% in the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after acquiring an additional 19,204 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.