Strs Ohio Increases Stock Position in Curbline Properties Corp. $CURB

Strs Ohio boosted its holdings in Curbline Properties Corp. (NYSE:CURB) by 29.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 579,800 shares of the company’s stock after acquiring an additional 133,600 shares during the quarter. Strs Ohio owned 0.55% of Curbline Properties worth $12,930,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CURB. BNP Paribas Financial Markets lifted its holdings in shares of Curbline Properties by 28.5% during 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 in the last quarter. Tower Research Capital LLC TRC increased its holdings in Curbline Properties by 120.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock worth $220,000 after buying an additional 5,268 shares in the last quarter. Rockefeller Capital Management L.P. purchased a new position in Curbline Properties in the 2nd quarter worth about $237,000. Evergreen Capital Management LLC bought a new position in Curbline Properties during the 3rd quarter valued at about $251,000. Finally, State of Wyoming boosted its holdings in shares of Curbline Properties by 437.2% during the 2nd quarter. State of Wyoming now owns 11,948 shares of the company’s stock valued at $273,000 after acquiring an additional 9,724 shares during the last quarter.

Curbline Properties Stock Down 0.1%

Shares of CURB stock opened at $23.99 on Monday. 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 Corp. has a 12 month low of $20.91 and a 12 month high of $25.69. The stock has a market cap of $2.53 billion, a P/E ratio of 59.99 and a beta of 0.48. The company has a 50 day simple moving average of $23.50 and a two-hundred day simple moving average of $23.06.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 earnings per share for the quarter, hitting the consensus estimate of $0.09. The business had revenue of $48.65 million for the quarter, compared to analysts’ expectations of $43.29 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The business’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. On average, research analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties declared that its board has authorized a share buyback plan on Thursday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.6% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s leadership believes its shares are undervalued.

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Shareholders of record on Monday, December 22nd were issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend was Monday, December 22nd. Curbline Properties’s payout ratio is currently 160.00%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on CURB shares. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 29th. Citigroup raised shares of 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 research report on Wednesday, November 19th. Truist Financial set a $27.00 target price on shares of Curbline Properties in a research note on Tuesday, January 20th. Wolfe Research upgraded Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research note on Monday, January 12th. Finally, UBS Group set a $27.00 price objective on Curbline Properties in a 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.22.

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.