Curbline Properties Corp. $CURB Shares Sold by Fisher Asset Management LLC

Fisher Asset Management LLC lowered its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 8.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 517,466 shares of the company’s stock after selling 47,759 shares during the period. Fisher Asset Management LLC owned approximately 0.49% of Curbline Properties worth $11,814,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of the business. Smartleaf Asset Management LLC lifted its holdings in Curbline Properties by 37.8% in the first quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company’s stock worth $44,000 after purchasing an additional 507 shares during the period. Police & Firemen s Retirement System of New Jersey boosted its holdings in shares of Curbline Properties by 5.5% in the second quarter. Police & Firemen s Retirement System of New Jersey now owns 21,444 shares of the company’s stock valued at $490,000 after acquiring an additional 1,113 shares in the last quarter. Public Employees Retirement System of Ohio increased its stake in shares of Curbline Properties by 1.4% during the second quarter. Public Employees Retirement System of Ohio now owns 147,226 shares of the company’s stock valued at $3,361,000 after acquiring an additional 2,030 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Curbline Properties by 3.3% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 65,517 shares of the company’s stock valued at $1,585,000 after acquiring an additional 2,074 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in Curbline Properties by 4.1% during the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 55,526 shares of the company’s stock worth $1,268,000 after purchasing an additional 2,184 shares in the last quarter.

Curbline Properties Trading Up 0.9%

NYSE:CURB opened at $23.64 on Thursday. The stock has a fifty day simple moving average of $23.31 and a 200 day simple moving average of $22.86. The firm has a market capitalization of $2.49 billion, a price-to-earnings ratio of 59.09 and a beta of 0.45. Curbline Properties Corp. has a 1-year low of $20.91 and a 1-year high of $25.69. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 0.21.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $48.65 million during the quarter, compared to analyst estimates of $43.29 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The firm’s quarterly revenue was up 63.1% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. Sell-side analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties announced that its Board of Directors has approved a stock buyback program on Thursday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to buy up to 10.6% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date was Tuesday, September 30th. Curbline Properties’s payout ratio is presently 160.00%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CURB shares. Truist Financial lifted their price target on Curbline Properties from $23.00 to $24.00 and gave the company a “hold” rating in a research report on Monday, November 24th. Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $25.00 to $27.00 in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a report on Monday. Morgan Stanley upgraded shares of Curbline Properties to an “overweight” rating in a research report on Friday, October 3rd. Finally, LADENBURG THALM/SH SH began coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 target price on the stock. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.67.

Curbline Properties 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.