Curbline Properties (NYSE:CURB) to Repurchase $250.00 million in Outstanding Shares

Curbline Properties (NYSE:CURB) declared that its Board of Directors has initiated a share repurchase program on Thursday, October 2nd, RTT News reports. The company plans to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

CURB has been the subject of several research reports. LADENBURG THALM/SH SH started coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price target for the company. Morgan Stanley increased their target price on shares of Curbline Properties from $26.00 to $27.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $25.86.

Curbline Properties Stock Performance

Shares of CURB opened at $22.79 on Friday. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05. The stock’s 50 day moving average is $22.47 and its two-hundred day moving average is $22.82. Curbline Properties has a twelve month low of $20.91 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The business had revenue of $41.10 million during the quarter, compared to analysts’ expectations of $37.67 million. During the same period last year, the firm earned $0.19 EPS. The company’s quarterly revenue was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, equities analysts expect that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.16 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.8%.

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.