Curbline Properties (NYSE:CURB) Sets New 52-Week High – Here’s What Happened

Curbline Properties Corp. (NYSE:CURB) reached a new 52-week high on Monday . The company traded as high as $30.99 and last traded at $30.5850, with a volume of 3669 shares trading hands. The stock had previously closed at $30.96.

Analyst Ratings Changes

A number of research firms have recently weighed in on CURB. JPMorgan Chase & Co. lifted their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Morgan Stanley raised their price target on shares of Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. KeyCorp upped their price target on shares of Curbline Properties from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, April 29th. Citigroup upped their price target on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Finally, Piper Sandler increased their price objective on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.44.

Curbline Properties Stock Down 1.0%

The company has a market cap of $3.24 billion, a P/E ratio of 98.98 and a beta of 0.55. The stock’s 50-day moving average price is $28.11 and its 200-day moving average price is $26.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.18.

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

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, June 18th. Curbline Properties’s payout ratio is 219.35%.

Hedge Funds Weigh In On Curbline Properties

Several large investors have recently added to or reduced their stakes in CURB. Rockefeller Capital Management L.P. lifted its position in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 654 shares in the last quarter. Parallel Advisors LLC grew its stake in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Curbline Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after buying an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its stake in Curbline Properties by 25.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after buying an additional 1,672 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Curbline Properties by 28.5% during the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares during the period.

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.