Aberdeen Group plc Has $14.85 Million Stock Position in Curbline Properties Corp. $CURB

Aberdeen Group plc trimmed its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 12.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 650,488 shares of the company’s stock after selling 96,403 shares during the period. Aberdeen Group plc owned approximately 0.62% of Curbline Properties worth $14,851,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently bought and sold shares of CURB. GAMMA Investing LLC increased its position in Curbline Properties by 91.1% in the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company’s stock worth $59,000 after purchasing an additional 1,156 shares during the last quarter. SG Americas Securities LLC increased its position in Curbline Properties by 112.1% in the 1st quarter. SG Americas Securities LLC now owns 28,897 shares of the company’s stock worth $699,000 after purchasing an additional 15,275 shares during the last quarter. Fifth Third Bancorp increased its position in Curbline Properties by 215.9% in the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company’s stock worth $51,000 after purchasing an additional 1,451 shares during the last quarter. Asset Management One Co. Ltd. increased its position in Curbline Properties by 43.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 199,285 shares of the company’s stock worth $4,821,000 after purchasing an additional 60,499 shares during the last quarter. Finally, KBC Group NV increased its position in Curbline Properties by 48.4% in the 1st quarter. KBC Group NV now owns 5,691 shares of the company’s stock worth $138,000 after purchasing an additional 1,857 shares during the last quarter.

Wall Street Analyst Weigh In

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

Curbline Properties Trading Up 1.4%

Shares of NYSE CURB opened at $22.89 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40. The business’s 50-day simple moving average is $22.53 and its 200-day simple moving average is $22.76. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $25.69.

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

Curbline Properties announced that its Board of Directors has authorized a stock repurchase plan on Thursday, October 2nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to reacquire up to 10.6% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.8%.

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.