Curbline Properties (NYSE:CURB) Rating Increased to Buy at Truist Financial

Curbline Properties (NYSE:CURB) was upgraded by stock analysts at Truist Financial from a “hold” rating to a “buy” rating in a research note issued on Tuesday.

Several other equities analysts also recently weighed in on the company. UBS Group set a $27.00 target price on Curbline Properties in a research report on Thursday, December 4th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a research note on Monday, December 29th. 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 on the stock in a research report on Monday, January 12th. Finally, Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and upped their price target for the stock from $25.00 to $27.00 in a research report on Wednesday, November 19th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.22.

Curbline Properties Stock Performance

Shares of NYSE CURB opened at $24.60 on Tuesday. 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 company has a market cap of $2.59 billion, a PE ratio of 61.50 and a beta of 0.48. The company has a 50-day simple moving average of $23.42 and a 200-day simple moving average of $23.01. Curbline Properties has a 12 month low of $20.91 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB) last released its earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, hitting the consensus estimate of $0.09. The firm had revenue of $48.65 million during the quarter, compared to analysts’ expectations of $43.29 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. Curbline Properties’s revenue was up 63.1% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. On average, equities analysts anticipate that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties announced that its board has initiated a share buyback program on Thursday, October 2nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to buy up to 10.6% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Parallel Advisors LLC raised its position in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after purchasing an additional 1,626 shares during the period. BNP Paribas Financial Markets grew its stake in shares of Curbline Properties by 28.5% in the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares in the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of Curbline Properties by 120.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after buying an additional 5,268 shares during the period. Pensionfund Sabic acquired a new position in Curbline Properties during the 4th quarter worth approximately $232,000. Finally, CIBC Bancorp USA Inc. purchased a new position in Curbline Properties in the 3rd quarter worth approximately $232,000.

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.