Curbline Properties (NYSE:CURB) Reaches New 12-Month High – What’s Next?

Curbline Properties Corp. (NYSE:CURB) hit a new 52-week high on Thursday . The company traded as high as $28.33 and last traded at $28.1040, with a volume of 947037 shares changing hands. The stock had previously closed at $27.63.

Wall Street Analyst Weigh In

CURB has been the topic of several recent research reports. Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. Morgan Stanley raised their target price 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. Truist Financial set a $27.00 price target on Curbline Properties in a report on Tuesday, January 20th. UBS Group set a $27.00 price objective on Curbline Properties in a research report on Thursday, December 4th. Finally, KeyCorp raised their price objective on Curbline Properties from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Seven investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $27.63.

Curbline Properties Stock Performance

The firm’s fifty day simple moving average is $24.73 and its 200 day simple moving average is $23.61. The company has a market capitalization of $2.93 billion, a price-to-earnings ratio of 73.16 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 released its quarterly earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Curbline Properties had a net margin of 21.78% and a return on equity of 2.10%. The firm had revenue of $54.15 million for the quarter, compared to analyst estimates of $52.15 million. During the same quarter in the prior year, the firm earned $0.11 EPS. The firm’s revenue was up 55.2% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. On average, sell-side analysts forecast that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th will be given a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.4%. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 18th. Curbline Properties’s payout ratio is 168.42%.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Royal Bank of Canada boosted its position in Curbline Properties by 43.7% during the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after acquiring an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Curbline Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after purchasing an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Curbline Properties by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock worth $17,596,000 after purchasing an additional 77,322 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of Curbline Properties during the first quarter worth approximately $4,025,000. Finally, Intech Investment Management LLC grew its position in Curbline Properties by 58.6% during the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after purchasing an additional 19,204 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.