Curbline Properties (NYSE:CURB) Sets New 52-Week High – Time to Buy?

Curbline Properties Corp. (NYSE:CURB)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $28.97 and last traded at $28.9950, with a volume of 59313 shares traded. The stock had previously closed at $28.77.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on CURB shares. Citigroup lifted their price target on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Truist Financial lifted their price target on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Wall Street Zen lowered Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Finally, KeyCorp boosted their target price on Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.44.

Curbline Properties Stock Performance

The stock has a market capitalization of $3.06 billion, a P/E ratio of 93.47 and a beta of 0.52. The company has a 50 day simple moving average of $27.22 and a 200-day simple moving average of $25.48. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20.

Curbline Properties (NYSE:CURB) last issued its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.23. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The business’s revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the company posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, equities analysts forecast that Curbline Properties Corp. will post 1.22 EPS for the current year.

Curbline Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. Curbline Properties’s payout ratio is 219.35%.

Insider Buying and Selling at Curbline Properties

In other news, CEO David R. Lukes sold 83,663 shares of Curbline Properties stock in a transaction on Monday, March 16th. The stock was 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 directly owned 506,597 shares in the company, valued at approximately $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds have recently made changes to their positions in CURB. Royal Bank of Canada grew its position in shares of Curbline Properties by 43.7% in the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after purchasing an additional 5,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew 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 valued at $1,367,000 after purchasing an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. grew 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 valued at $17,596,000 after purchasing an additional 77,322 shares in the last quarter. Jane Street Group LLC purchased a new position in shares of Curbline Properties in the first quarter valued at $4,025,000. Finally, Intech Investment Management LLC grew its position in shares of Curbline Properties by 58.6% in 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.