Curbline Properties (NYSE:CURB) Hits New 12-Month High – Here’s What Happened

Curbline Properties Corp. (NYSE:CURB) shares reached a new 52-week high on Monday . The company traded as high as $29.58 and last traded at $29.4680, with a volume of 22438 shares traded. The stock had previously closed at $29.27.

Wall Street Analysts Forecast Growth

CURB has been the subject of several analyst reports. Piper Sandler raised their price target on shares of Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Wall Street Zen downgraded Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Citigroup raised their target price on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Truist Financial lifted their target price on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Finally, Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Curbline Properties presently has an average rating of “Moderate Buy” and a consensus target price of $29.44.

Curbline Properties Stock Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. The stock’s 50 day moving average price is $27.69 and its 200 day moving average price is $25.81. The company has a market capitalization of $3.12 billion, a P/E ratio of 95.37 and a beta of 0.55.

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

Curbline Properties Dividend Announcement

The firm also recently disclosed 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 of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. Curbline Properties’s dividend payout ratio (DPR) is 219.35%.

Insider Activity

In related news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the sale, the chief executive officer owned 506,597 shares in the company, valued at $13,591,997.51. This represents a 14.17% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Curbline Properties

A number of hedge funds have recently added to or reduced their stakes in CURB. UBS Group AG increased its stake in shares of Curbline Properties by 175.2% in the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after acquiring an additional 270,800 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its stake in Curbline Properties by 48.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after acquiring an additional 58,138 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Curbline Properties by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company’s stock worth $35,355,000 after purchasing an additional 74,477 shares during the period. Principal Financial Group Inc. grew its holdings 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 purchasing an additional 1,993,711 shares during the period. Finally, SG Americas Securities LLC increased its stake in Curbline Properties by 2,226.3% in the fourth quarter. SG Americas Securities LLC now owns 454,044 shares of the company’s stock valued at $10,538,000 after purchasing an additional 434,526 shares in the last quarter.

About Curbline Properties

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.