Employees Retirement System of Texas Acquires 71,478 Shares of Curbline Properties Corp. $CURB

Employees Retirement System of Texas lifted its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 94.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 147,383 shares of the company’s stock after buying an additional 71,478 shares during the quarter. Employees Retirement System of Texas owned about 0.14% of Curbline Properties worth $3,365,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of CURB. T. Rowe Price Investment Management Inc. boosted its stake in Curbline Properties by 28.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock valued at $160,241,000 after acquiring an additional 1,474,896 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Curbline Properties by 1.4% in the 2nd quarter. Geode Capital Management LLC now owns 2,460,496 shares of the company’s stock worth $56,180,000 after purchasing an additional 34,770 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Curbline Properties during the first quarter worth $56,521,000. Prudential Financial Inc. increased its holdings in Curbline Properties by 9.3% in the second quarter. Prudential Financial Inc. now owns 2,292,128 shares of the company’s stock valued at $52,329,000 after purchasing an additional 194,918 shares during the last quarter. Finally, Millennium Management LLC lifted its stake in Curbline Properties by 12.3% in the first quarter. Millennium Management LLC now owns 1,689,481 shares of the company’s stock valued at $40,869,000 after buying an additional 184,560 shares during the period.

Curbline Properties Trading Up 0.1%

NYSE CURB opened at $23.96 on Thursday. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.21, a quick ratio of 9.99 and a current ratio of 9.99. The stock’s 50 day moving average price is $23.19 and its two-hundred day moving average price is $22.85. The stock has a market capitalization of $2.52 billion and a price-to-earnings ratio of 59.90.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $48.65 million for the quarter, compared to the consensus estimate of $43.29 million. Curbline Properties had a net margin of 25.51% and a return on equity of 2.19%. The firm’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. As a group, analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.7%. Curbline Properties’s payout ratio is 160.00%.

Curbline Properties declared that its Board of Directors has authorized a stock buyback plan on Thursday, October 2nd that authorizes the company to repurchase $250.00 million in shares. This repurchase authorization authorizes the company to buy up to 10.6% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

Analyst Ratings Changes

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

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.