Teacher Retirement System of Texas Boosts Stock Position in Curbline Properties Corp. $CURB

Teacher Retirement System of Texas raised its holdings in Curbline Properties Corp. (NYSE:CURB) by 47.5% during the third quarter, Holdings Channel reports. The institutional investor owned 758,007 shares of the company’s stock after buying an additional 244,028 shares during the period. Teacher Retirement System of Texas’ holdings in Curbline Properties were worth $16,904,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in CURB. State Street Corp increased its holdings in shares of 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 acquiring an additional 101,813 shares during the last quarter. Geode Capital Management LLC lifted its stake in 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 purchasing an additional 34,770 shares during the last quarter. Prudential Financial Inc. boosted its holdings 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 purchasing an additional 194,918 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in Curbline Properties by 0.3% in the second quarter. Daiwa Securities Group Inc. now owns 2,216,074 shares of the company’s stock valued at $50,593,000 after purchasing an additional 7,668 shares during the last quarter. Finally, Balyasny Asset Management L.P. increased its stake in Curbline Properties by 36.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock valued at $49,414,000 after purchasing an additional 577,037 shares during the last quarter.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price objective for the company in a research report on Monday, January 12th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. Truist Financial set a $27.00 price objective on Curbline Properties in a report on Tuesday. Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $27.00 in a research report on Wednesday, November 19th. Finally, KeyCorp raised Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 target price for the company in a research report on Thursday, December 4th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, Curbline Properties presently has a consensus rating of “Moderate Buy” and an average price target of $27.22.

Curbline Properties Stock Down 0.1%

Shares of NYSE:CURB opened at $23.99 on Friday. Curbline Properties Corp. has a 1-year low of $20.91 and a 1-year high of $25.69. The company has a debt-to-equity ratio of 0.21, a current ratio of 9.99 and a quick ratio of 9.99. The stock has a market cap of $2.53 billion, a P/E ratio of 59.99 and a beta of 0.48. The firm has a fifty day moving average price of $23.50 and a 200 day moving average price of $23.06.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The company had revenue of $48.65 million for the quarter, compared to analyst estimates of $43.29 million. Curbline Properties’s quarterly revenue 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 predict that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Announces Dividend

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

Curbline Properties declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 2nd that authorizes the company to repurchase $250.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase up to 10.6% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

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.