Curbline Properties (NYSE:CURB) Upgraded at Truist Financial

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

CURB has been the subject of a number of other reports. Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and raised their target price for the company from $25.00 to $27.00 in a research note on Wednesday, November 19th. UBS Group set a $27.00 price objective on shares of Curbline Properties in a report on Thursday, December 4th. Morgan Stanley boosted their target price on shares of Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a research note on Monday, January 5th. Weiss Ratings reiterated a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. Finally, Wolfe Research raised 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 note on Monday, January 12th. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.22.

Curbline Properties Stock Performance

NYSE:CURB opened at $24.03 on Tuesday. The stock has a market capitalization of $2.53 billion, a P/E ratio of 60.08 and a beta of 0.48. 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 has a 1 year low of $20.91 and a 1 year high of $25.69. The firm has a 50 day moving average of $23.48 and a 200-day moving average of $23.04.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Tuesday, October 28th. The company reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates 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. Curbline Properties’s revenue for the quarter 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 anticipate that Curbline Properties will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

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

Curbline Properties declared that its Board of Directors has initiated a stock repurchase plan on Thursday, October 2nd that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 10.6% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

Institutional Investors Weigh In On Curbline Properties

Institutional investors and hedge funds have recently modified their holdings of the business. Parallel Advisors LLC lifted its holdings in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares during the period. BNP Paribas Financial Markets raised its position in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after acquiring an additional 2,091 shares during the last quarter. Tower Research Capital LLC TRC lifted its stake in shares of Curbline Properties by 120.5% in the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after purchasing an additional 5,268 shares during the period. Pensionfund Sabic acquired a new position in shares of Curbline Properties in the 4th quarter valued at $232,000. Finally, CIBC Bancorp USA Inc. bought a new position in shares of Curbline Properties in the 3rd quarter worth $232,000.

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.