Morgan Stanley Issues Positive Forecast for Curbline Properties (NYSE:CURB) Stock Price

Curbline Properties (NYSE:CURB) had its price objective lifted by Morgan Stanley from $29.00 to $30.00 in a research note issued to investors on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also issued research reports about the company. Wolfe Research upgraded Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, January 12th. Weiss Ratings upgraded Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, March 25th. Piper Sandler boosted their target price on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. KeyCorp boosted their target price on Curbline Properties from $27.00 to $28.00 and gave the company an “overweight” rating in a research report on Tuesday, February 10th. Finally, Truist Financial boosted their target price on Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Seven equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $28.25.

Curbline Properties Stock Up 3.4%

Shares of NYSE:CURB opened at $28.34 on Thursday. Curbline Properties has a 1 year low of $21.62 and a 1 year high of $28.65. The business has a 50 day simple moving average of $26.94 and a two-hundred day simple moving average of $24.78. The firm has a market capitalization of $2.99 billion, a PE ratio of 74.57 and a beta of 0.48. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.14 and a quick ratio of 1.14.

Curbline Properties (NYSE:CURB) last announced its earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Curbline Properties had a net margin of 21.78% and a return on equity of 2.10%. The business had revenue of $54.15 million for the quarter, compared to analysts’ expectations of $52.15 million. During the same quarter last year, the firm earned $0.11 EPS. The firm’s quarterly revenue was up 55.2% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. On average, equities analysts predict that Curbline Properties will post 1.19 EPS for the current year.

Curbline Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th were paid a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. This is a positive change from Curbline Properties’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Wednesday, March 18th. Curbline Properties’s payout ratio is presently 178.95%.

Insider Buying and Selling

In related news, CEO David R. Lukes sold 83,663 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $26.83, for a total value of $2,244,678.29. Following the completion of the transaction, the chief executive officer owned 506,597 shares of the company’s stock, valued at $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 8.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Curbline Properties

A number of large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. raised its stake in Curbline Properties by 21.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after buying an additional 2,365,894 shares in the last quarter. State Street Corp raised its stake in Curbline Properties by 1.9% in the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after buying an additional 101,813 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock worth $61,966,000 after buying an additional 562,642 shares in the last quarter. Geode Capital Management LLC raised its stake in Curbline Properties by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company’s stock worth $58,426,000 after buying an additional 22,731 shares in the last quarter. Finally, Principal Financial Group Inc. raised its stake in Curbline Properties by 426.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock worth $57,123,000 after buying an additional 1,993,711 shares in the last quarter.

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.