OVERSEA CHINESE BANKING Corp Ltd Increases Holdings in Curbline Properties Corp. $CURB

OVERSEA CHINESE BANKING Corp Ltd increased its stake in Curbline Properties Corp. (NYSE:CURB) by 56.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,846 shares of the company’s stock after acquiring an additional 61,587 shares during the period. OVERSEA CHINESE BANKING Corp Ltd’s holdings in Curbline Properties were worth $3,788,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the stock. Thrivent Financial for Lutherans lifted its stake in shares of Curbline Properties by 36.2% in the 2nd quarter. Thrivent Financial for Lutherans now owns 182,385 shares of the company’s stock valued at $4,164,000 after purchasing an additional 48,516 shares during the last quarter. Asset Management One Co. Ltd. increased its position in shares of Curbline Properties by 27.7% during the 2nd quarter. Asset Management One Co. Ltd. now owns 254,520 shares of the company’s stock valued at $5,811,000 after purchasing an additional 55,235 shares during the last quarter. Public Employees Retirement System of Ohio raised its holdings in Curbline Properties by 1.4% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 147,226 shares of the company’s stock valued at $3,361,000 after buying an additional 2,030 shares during the period. Hudson Bay Capital Management LP bought a new stake in Curbline Properties in the second quarter worth $19,285,000. Finally, Norges Bank purchased a new position in Curbline Properties during the second quarter worth $2,114,000.

Curbline Properties Stock Down 0.7%

Shares of NYSE CURB opened at $23.96 on Thursday. Curbline Properties Corp. has a 52-week low of $20.91 and a 52-week high of $25.69. The firm has a market capitalization of $2.52 billion, a price-to-earnings ratio of 59.91 and a beta of 0.48. The stock has a 50 day moving average price of $23.35 and a 200 day moving average price of $22.98. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99.

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

Curbline Properties declared that its board has approved a share repurchase plan on Thursday, October 2nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 10.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board believes its stock is undervalued.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Monday, December 22nd. Curbline Properties’s payout ratio is presently 160.00%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on CURB shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 29th. Truist Financial upped their target price on Curbline Properties from $23.00 to $24.00 and gave the company a “hold” rating in a research note on Monday, November 24th. UBS Group set a $27.00 price target on Curbline Properties in a research note on Thursday, December 4th. KeyCorp raised 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. Finally, Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and increased their target price for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $26.89.

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.