Curbline Properties (NYSE:CURB) Releases Earnings Results, Misses Expectations By $0.18 EPS

Curbline Properties (NYSE:CURB) released its quarterly earnings results on Monday. The company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.27 by ($0.18), FiscalAI reports. The business had revenue of $54.15 million during the quarter, compared to analyst estimates of $52.15 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%.

Curbline Properties Stock Performance

NYSE CURB opened at $25.34 on Monday. Curbline Properties has a fifty-two week low of $20.91 and a fifty-two week high of $26.01. The stock has a market cap of $2.67 billion, a PE ratio of 63.35 and a beta of 0.48. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99. The firm’s fifty day moving average price is $23.66 and its two-hundred day moving average price is $23.17.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 22nd were given a $0.16 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.5%. Curbline Properties’s dividend payout ratio (DPR) is currently 160.00%.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Wolfe Research upgraded Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a research note on Monday, January 12th. Truist Financial set a $27.00 price objective on shares of Curbline Properties in a research report on Tuesday, January 20th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 29th. Morgan Stanley boosted their target price on shares of Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Finally, KeyCorp upgraded shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price target on the stock in a research report on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $27.22.

Institutional Trading of Curbline Properties

Hedge funds have recently made changes to their positions in the company. Parallel Advisors LLC grew its holdings in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after purchasing an additional 1,626 shares during the period. BNP Paribas Financial Markets increased its position in Curbline Properties by 28.5% in the 2nd 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 in the last quarter. Van ECK Associates Corp raised its stake in Curbline Properties by 10.8% during the 3rd quarter. Van ECK Associates Corp now owns 23,692 shares of the company’s stock worth $528,000 after buying an additional 2,313 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in 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 acquiring an additional 2,483 shares in the last quarter. Finally, Swiss National Bank grew its stake in Curbline Properties by 1.5% in the third quarter. Swiss National Bank now owns 183,500 shares of the company’s stock valued at $4,092,000 after acquiring an additional 2,700 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.