Curbline Properties (NYSE:CURB) Hits New 12-Month High – Here’s What Happened

Curbline Properties Corp. (NYSE:CURB)’s share price hit a new 52-week high on Wednesday . The stock traded as high as $28.65 and last traded at $28.47, with a volume of 197646 shares trading hands. The stock had previously closed at $28.35.

Analyst Upgrades and Downgrades

CURB has been the topic of several research analyst reports. Morgan Stanley raised their price objective on Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a report on Monday, January 5th. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, February 23rd. Truist Financial set a $27.00 price objective on shares of Curbline Properties in a research report on Tuesday, January 20th. Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target for the company in a research report on Monday, January 12th. Finally, KeyCorp raised their target price on Curbline Properties from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $27.63.

Curbline Properties Trading Up 0.5%

The company has a market cap of $3.00 billion, a PE ratio of 75.00 and a beta of 0.27. The company’s 50 day simple moving average is $24.94 and its two-hundred day simple moving average is $23.70. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.14 and a quick ratio of 1.14.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data 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 return on equity of 2.10% and a net margin of 21.78%.The company had revenue of $54.15 million for the quarter, compared to analysts’ expectations of $52.15 million. During the same period in the previous year, the business posted $0.11 EPS. The business’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, sell-side analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th will be given a $0.17 dividend. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. The ex-dividend date is Wednesday, March 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. Curbline Properties’s payout ratio is currently 168.42%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of CURB. Royal Bank of Canada increased its stake in shares of Curbline Properties by 43.7% in the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after buying an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Curbline Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after buying an additional 2,483 shares during the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Curbline Properties by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after acquiring an additional 77,322 shares in the last quarter. Jane Street Group LLC purchased a new stake in Curbline Properties in the first quarter worth $4,025,000. Finally, Intech Investment Management LLC boosted its holdings in Curbline Properties by 58.6% in the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after acquiring an additional 19,204 shares in the last quarter.

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.