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

Shares of Curbline Properties Corp. (NYSE:CURB) hit a new 52-week high during trading on Tuesday . The company traded as high as $30.99 and last traded at $30.9550, with a volume of 53681 shares traded. The stock had previously closed at $30.42.

Wall Street Analysts Forecast Growth

CURB has been the topic of a number of research reports. Weiss Ratings downgraded shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Citigroup boosted their price target on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Curbline Properties currently has an average rating of “Moderate Buy” and an average price target of $29.67.

Curbline Properties Stock Up 1.4%

The business has a fifty day moving average of $28.53 and a 200 day moving average of $26.31. The firm has a market cap of $3.26 billion, a P/E ratio of 99.44 and a beta of 0.55. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18.

Curbline Properties (NYSE:CURB) last released its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.23. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The company’s quarterly revenue was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, equities research analysts predict that Curbline Properties Corp. will post 1.21 EPS for the current year.

Curbline Properties Dividend Announcement

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 paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. Curbline Properties’s dividend payout ratio is 219.35%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. UBS Group AG grew its position 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 purchasing an additional 270,800 shares during the period. Diamond Hill Capital Management Inc. raised its holdings in Curbline Properties by 48.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after buying an additional 58,138 shares during the period. Charles Schwab Investment Management Inc. lifted its stake 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 valued at $35,355,000 after buying an additional 74,477 shares in the last quarter. Principal Financial Group Inc. lifted its stake 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 valued at $57,123,000 after buying an additional 1,993,711 shares in the last quarter. Finally, SG Americas Securities LLC lifted 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 buying 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.