Curbline Properties Corp. (NYSE:CURB) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Curbline Properties Corp. (NYSE:CURB) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $26.75.

A number of analysts have recently commented on CURB shares. LADENBURG THALM/SH SH initiated coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price objective on the stock. Citigroup upgraded shares of Curbline Properties from a “neutral” rating to a “buy” rating and lifted their price target for the company from $25.00 to $27.00 in a research note on Wednesday, November 19th. KeyCorp upgraded shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective for the company in a research note on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 8th. Finally, UBS Group set a $27.00 target price on Curbline Properties in a report on Thursday, December 4th.

Curbline Properties Stock Performance

Shares of CURB stock opened at $22.87 on Friday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99. Curbline Properties has a 52 week low of $20.91 and a 52 week high of $25.69. The company’s 50 day moving average price is $23.38 and its two-hundred day moving average price is $22.88. The company has a market capitalization of $2.41 billion, a P/E ratio of 57.17 and a beta of 0.45.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates 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%.Curbline Properties’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. On average, analysts expect that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

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

Curbline Properties declared that its board has authorized a stock repurchase program on Thursday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Curbline Properties

Institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. increased its holdings in shares of Curbline Properties by 28.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock worth $160,241,000 after acquiring an additional 1,474,896 shares during the last quarter. State Street Corp boosted its position in Curbline Properties by 1.9% during the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after purchasing an additional 562,642 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Curbline Properties by 1.4% in the second quarter. Geode Capital Management LLC now owns 2,460,496 shares of the company’s stock valued at $56,180,000 after purchasing an additional 34,770 shares during the period. Finally, GRS Advisors LLC lifted its stake in shares of Curbline Properties by 1.3% during the 3rd quarter. GRS Advisors LLC now owns 2,402,558 shares of the company’s stock worth $53,577,000 after buying an additional 31,781 shares during the last quarter.

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.