Mutual of America Capital Management LLC Raises Stock Holdings in Curbline Properties Corp. $CURB

Mutual of America Capital Management LLC boosted its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 52.2% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 483,968 shares of the company’s stock after purchasing an additional 166,046 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Curbline Properties were worth $10,792,000 at the end of the most recent quarter.

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

Analysts Set New Price Targets

A number of brokerages have commented on CURB. 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. Truist Financial set a $27.00 target price on Curbline Properties in a research note on Tuesday, January 20th. Morgan Stanley increased their price objective on shares of Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a report on Monday, January 5th. Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research note on Monday, January 12th. Finally, UBS Group set a $27.00 price target on shares of Curbline Properties in a research note on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.22.

Curbline Properties Trading Down 0.7%

Curbline Properties stock opened at $23.85 on Tuesday. The firm has a 50 day simple moving average of $23.51 and a 200-day simple moving average of $23.07. 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 capitalization of $2.51 billion, a PE ratio of 59.63 and a beta of 0.48. Curbline Properties Corp. has a 12-month low of $20.91 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The company had revenue of $48.65 million for the quarter, compared to the consensus estimate of $43.29 million. The business’s quarterly revenue was up 63.1% compared to the same quarter last year. As a group, equities research analysts expect that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties announced that its Board of Directors has approved a share repurchase plan on Thursday, October 2nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors 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 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.