Curbline Properties (NYSE:CURB) Sets New 1-Year High – Time to Buy?

Curbline Properties Corp. (NYSE:CURB)’s stock price reached a new 52-week high on Monday . The company traded as high as $29.58 and last traded at $29.4680, with a volume of 22438 shares changing hands. The stock had previously closed at $29.27.

Analysts Set New Price Targets

CURB has been the topic of a number of recent analyst reports. Piper Sandler raised their price target on Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Citigroup increased their price objective on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. KeyCorp raised their target price on shares of Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Morgan Stanley boosted their target price on shares of Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Finally, Wall Street Zen lowered shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $29.44.

Curbline Properties Stock Up 1.0%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18. The firm has a 50 day moving average of $27.69 and a two-hundred day moving average of $25.81. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 95.37 and a beta of 0.55.

Curbline Properties (NYSE:CURB) last issued its earnings results on Tuesday, April 28th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.05 by $0.23. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The firm had revenue of $57.99 million during the quarter, compared to the consensus estimate of $53.34 million. During the same quarter in the previous year, the firm earned $0.24 earnings per share. The business’s quarterly revenue was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. As a group, sell-side analysts anticipate that Curbline Properties Corp. will post 1.22 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a yield of 2.3%. Curbline Properties’s dividend payout ratio is presently 219.35%.

Insiders Place Their Bets

In other Curbline Properties news, CEO David R. Lukes sold 83,663 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the sale, the chief executive officer owned 506,597 shares of the company’s stock, valued at approximately $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 8.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Curbline Properties

Hedge funds and other institutional investors have recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in Curbline Properties by 125.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 654 shares during the last quarter. Parallel Advisors LLC grew its holdings in shares of Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after purchasing an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Curbline Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after buying an additional 694 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in shares of Curbline Properties by 25.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after buying an additional 1,672 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in Curbline Properties in the 1st quarter valued at approximately $224,000.

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.