Curbline Properties Corp. $CURB Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lifted its position in shares of Curbline Properties Corp. (NYSE:CURB) by 2,209.3% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 317,922 shares of the company’s stock after buying an additional 304,155 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Curbline Properties were worth $7,258,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CURB. New York State Teachers Retirement System grew its holdings in shares of Curbline Properties by 23.8% during the 2nd quarter. New York State Teachers Retirement System now owns 33,391 shares of the company’s stock worth $762,000 after purchasing an additional 6,423 shares during the period. TD Asset Management Inc raised its position in shares of Curbline Properties by 43.3% during the 2nd quarter. TD Asset Management Inc now owns 166,168 shares of the company’s stock valued at $3,794,000 after acquiring an additional 50,210 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Curbline Properties by 5.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 103,563 shares of the company’s stock valued at $2,363,000 after acquiring an additional 5,138 shares in the last quarter. Public Employees Retirement System of Ohio grew its stake 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 worth $3,361,000 after buying an additional 2,030 shares during the last quarter. Finally, BROOKFIELD Corp ON bought a new position in shares of Curbline Properties in the first quarter worth $7,662,000.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley raised Curbline Properties to an “overweight” rating in a report on Friday, October 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Curbline Properties in a report on Wednesday, October 8th. Finally, LADENBURG THALM/SH SH started coverage on Curbline Properties in a research report on Tuesday, September 9th. They set a “neutral” rating and a $25.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, Curbline Properties has a consensus rating of “Hold” and a consensus price target of $27.25.

Curbline Properties Stock Performance

NYSE:CURB opened at $23.49 on Tuesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40. The stock’s 50 day moving average price is $22.61 and its two-hundred day moving average price is $22.72. Curbline Properties Corp. has a 12-month low of $20.91 and a 12-month high of $25.69.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. The business had revenue of $41.10 million for the quarter, compared to the consensus estimate of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The firm’s quarterly revenue was up 47.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, equities research analysts predict that Curbline Properties Corp. will post 1 EPS for the current year.

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

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th will be paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, September 30th.

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.