Vanguard Group Inc. Sells 186,466 Shares of Curbline Properties Corp. $CURB

Vanguard Group Inc. lessened its stake in Curbline Properties Corp. (NYSE:CURB) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 14,332,873 shares of the company’s stock after selling 186,466 shares during the period. Vanguard Group Inc. owned about 0.14% of Curbline Properties worth $319,623,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CURB. State Street Corp boosted its stake in Curbline Properties by 1.9% in the 2nd quarter. State Street Corp now owns 5,515,437 shares of the company’s stock valued at $126,772,000 after buying an additional 101,813 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Curbline Properties by 1.4% during the second quarter. Geode Capital Management LLC now owns 2,460,496 shares of the company’s stock worth $56,180,000 after acquiring an additional 34,770 shares during the last quarter. Prudential Financial Inc. boosted its stake in Curbline Properties by 9.3% in the second quarter. Prudential Financial Inc. now owns 2,292,128 shares of the company’s stock valued at $52,329,000 after acquiring an additional 194,918 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in shares of Curbline Properties by 0.3% during the second quarter. Daiwa Securities Group Inc. now owns 2,216,074 shares of the company’s stock worth $50,593,000 after purchasing an additional 7,668 shares during the period. Finally, Balyasny Asset Management L.P. grew its position in shares of Curbline Properties by 36.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock worth $49,414,000 after buying an additional 577,037 shares during the period.

Curbline Properties Trading Down 1.4%

NYSE CURB opened at $27.80 on Friday. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $28.51. The company has a market cap of $2.93 billion, a price-to-earnings ratio of 73.16 and a beta of 0.48. The business has a 50 day moving average price of $24.73 and a 200-day moving average price of $23.61. The company has a quick ratio of 1.14, a current ratio of 1.14 and a debt-to-equity ratio of 0.09.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Curbline Properties had a net margin of 21.78% and a return on equity of 2.10%. The firm had revenue of $54.15 million for the quarter, compared to the consensus estimate of $52.15 million. During the same period in the previous year, the business earned $0.11 earnings per share. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. As a group, equities analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, March 18th. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. Curbline Properties’s payout ratio is presently 168.42%.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Truist Financial set a $27.00 price target on shares of Curbline Properties in a research note on Tuesday, January 20th. Morgan Stanley lifted their price target on Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $27.00 in a research report on Wednesday, November 19th. Weiss Ratings upgraded Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday. Finally, Piper Sandler raised their target price on shares of Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.63.

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.