Curbline Properties (NYSE:CURB) Upgraded to Buy at Truist Financial

Truist Financial upgraded shares of Curbline Properties (NYSE:CURB) from a hold rating to a buy rating in a report released on Tuesday, Marketbeat reports.

Several other analysts have also commented on CURB. Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a research note on Monday, December 29th. Morgan Stanley raised their price target on Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Citigroup raised Curbline Properties from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $25.00 to $27.00 in a report on Wednesday, November 19th. Finally, 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 research note on Thursday, December 4th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $27.22.

Curbline Properties Stock Down 0.1%

Curbline Properties stock opened at $24.55 on Tuesday. Curbline Properties has a fifty-two week low of $20.91 and a fifty-two week high of $25.69. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 61.36 and a beta of 0.48. The stock’s fifty day moving average is $23.44 and its two-hundred day moving average is $23.02. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99.

Curbline Properties (NYSE:CURB) last released 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. The business had revenue of $48.65 million during the quarter, compared to the consensus estimate of $43.29 million. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The business’s revenue for the quarter 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. Analysts predict that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Monday, December 22nd were issued a dividend of $0.16 per share. The ex-dividend date was Monday, December 22nd. This represents a $0.64 annualized dividend and a dividend yield of 2.6%. Curbline Properties’s dividend payout ratio (DPR) is 160.00%.

Curbline Properties announced that its Board of Directors has approved a share buyback plan 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 plans are usually an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On Curbline Properties

Several large investors have recently added to or reduced their stakes in the business. Amalgamated Bank grew its holdings in Curbline Properties by 3.3% in the 3rd quarter. Amalgamated Bank now owns 27,991 shares of the company’s stock valued at $624,000 after buying an additional 906 shares during the period. Police & Firemen s Retirement System of New Jersey lifted its holdings in shares of Curbline Properties by 5.5% during the 2nd quarter. Police & Firemen s Retirement System of New Jersey now owns 21,444 shares of the company’s stock worth $490,000 after acquiring an additional 1,113 shares during the period. Parallel Advisors LLC boosted its position in shares of 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 acquiring an additional 1,626 shares during the last quarter. Public Employees Retirement System of Ohio grew its holdings in Curbline Properties by 1.4% in 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 purchasing an additional 2,030 shares during the period. Finally, BNP Paribas Financial Markets grew its holdings in Curbline Properties by 28.5% in the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after purchasing an additional 2,091 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.