Curbline Properties Corp. (NYSE:CURB) Receives Average Recommendation of “Moderate Buy” from Analysts

Curbline Properties Corp. (NYSE:CURB) has received an average rating of “Moderate Buy” from the six brokerages that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $27.20.

A number of analysts have recently weighed in on CURB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Curbline Properties in a research report on Thursday, November 13th. Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $27.00 in a research note on Wednesday. LADENBURG THALM/SH SH assumed coverage on shares of Curbline Properties in a research note on Tuesday, September 9th. They set a “neutral” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley raised shares of Curbline Properties to an “overweight” rating in a report on Friday, October 3rd.

Curbline Properties Stock Performance

NYSE CURB opened at $23.29 on Wednesday. The firm has a 50-day moving average price of $23.06 and a two-hundred day moving average price of $22.84. Curbline Properties has a 12-month low of $20.91 and a 12-month high of $25.69. The company has a market capitalization of $2.45 billion and a P/E ratio of 58.23. 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 (NYSE:CURB) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $48.65 million during the quarter, compared to the consensus estimate of $43.29 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The firm’s 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. Analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

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

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Tuesday, September 30th. Curbline Properties’s dividend payout ratio (DPR) is 160.00%.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds and other institutional investors have recently modified their holdings of CURB. TCW Group Inc. boosted its position in Curbline Properties by 5.4% in the first quarter. TCW Group Inc. now owns 127,199 shares of the company’s stock valued at $3,077,000 after buying an additional 6,499 shares in the last quarter. Diamond Hill Capital Management Inc. lifted its stake in shares of Curbline Properties by 85.7% in the 1st quarter. Diamond Hill Capital Management Inc. now owns 152,242 shares of the company’s stock valued at $3,683,000 after acquiring an additional 70,276 shares during the last quarter. Boothbay Fund Management LLC lifted its stake in shares of Curbline Properties by 26.3% in the 1st quarter. Boothbay Fund Management LLC now owns 486,490 shares of the company’s stock valued at $11,768,000 after acquiring an additional 101,284 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC acquired a new stake in shares of Curbline Properties during the 1st quarter valued at $1,132,000. Finally, BROOKFIELD Corp ON bought a new stake in Curbline Properties during the 1st quarter worth $7,662,000.

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.