Curbline Properties Corp. $CURB Shares Sold by VIRGINIA RETIREMENT SYSTEMS ET Al

VIRGINIA RETIREMENT SYSTEMS ET Al cut its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 52.9% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 69,700 shares of the company’s stock after selling 78,256 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Curbline Properties were worth $1,554,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in CURB. State of Wyoming purchased a new position in Curbline Properties in the first quarter worth approximately $54,000. Royal Bank of Canada grew its holdings in Curbline Properties by 43.7% during the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after acquiring an additional 5,351 shares in the last quarter. Amundi increased its position in shares of Curbline Properties by 8.5% in the 1st quarter. Amundi now owns 56,347 shares of the company’s stock valued at $1,366,000 after purchasing an additional 4,433 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new stake in shares of Curbline Properties in the 1st quarter valued at $2,114,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Curbline Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after purchasing an additional 2,483 shares during the last quarter.

Curbline Properties Stock Down 0.5%

Shares of NYSE CURB opened at $23.10 on Friday. The business has a 50-day moving average price of $23.35 and a 200 day moving average price of $22.93. The stock has a market cap of $2.43 billion, a PE ratio of 57.74 and a beta of 0.45. 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 Corp. has a 52-week low of $20.91 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The company 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 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. Equities research analysts forecast 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 repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to repurchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

Curbline Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 22nd will be given a $0.16 dividend. The ex-dividend date is Monday, December 22nd. This represents a $0.64 annualized dividend and a yield of 2.8%. Curbline Properties’s dividend payout ratio is 160.00%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on CURB shares. Truist Financial increased their target price on Curbline Properties from $23.00 to $24.00 and gave the company a “hold” rating in a report on Monday, November 24th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a research report on Monday. UBS Group set a $27.00 price objective on Curbline Properties in a report on Thursday, December 4th. KeyCorp upgraded Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 target price for the company in a research note on Thursday, December 4th. Finally, Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and upped their price target for the company from $25.00 to $27.00 in a report on Wednesday, November 19th. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.75.

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.