Thrivent Financial for Lutherans Grows Position in Curbline Properties Corp. $CURB

Thrivent Financial for Lutherans lifted its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 36.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 182,385 shares of the company’s stock after purchasing an additional 48,516 shares during the quarter. Thrivent Financial for Lutherans owned 0.17% of Curbline Properties worth $4,164,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. HighTower Advisors LLC lifted its position in Curbline Properties by 66.0% during the first quarter. HighTower Advisors LLC now owns 31,712 shares of the company’s stock valued at $767,000 after purchasing an additional 12,609 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Curbline Properties by 3,409.1% during the 1st quarter. Wellington Management Group LLP now owns 1,432,024 shares of the company’s stock valued at $34,641,000 after buying an additional 1,391,215 shares in the last quarter. Quantbot Technologies LP purchased a new stake in shares of Curbline Properties during the 1st quarter valued at $439,000. Hsbc Holdings PLC lifted its holdings in shares of Curbline Properties by 4.0% during the 1st quarter. Hsbc Holdings PLC now owns 84,518 shares of the company’s stock worth $2,042,000 after acquiring an additional 3,223 shares during the last quarter. Finally, EntryPoint Capital LLC purchased a new position in Curbline Properties in the first quarter worth $268,000.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CURB. Truist Financial raised 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. KeyCorp raised Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 15th. Morgan Stanley raised Curbline Properties to an “overweight” rating in a research note on Friday, October 3rd. Finally, Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $26.75.

Curbline Properties Trading Up 0.8%

NYSE CURB opened at $23.38 on Friday. The firm has a market cap of $2.46 billion, a PE ratio of 58.45 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 stock has a 50-day moving average of $23.42 and a 200-day moving average of $22.90. The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 0.21.

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

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

Curbline Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Monday, December 22nd will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend is Monday, December 22nd. Curbline Properties’s payout ratio is presently 160.00%.

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.