Curbline Properties (NYSE:CURB) Sets New 52-Week High – Here’s What Happened
by Amy Steele · The Cerbat GemCurbline Properties Corp. (NYSE:CURB – Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as $30.99 and last traded at $30.5850, with a volume of 3669 shares traded. The stock had previously closed at $30.96.
Wall Street Analyst Weigh In
Several research analysts have issued reports on CURB shares. Truist Financial upped their price objective on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Piper Sandler increased their price target on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. KeyCorp increased their price target on Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Weiss Ratings downgraded Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price objective on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Curbline Properties currently has a consensus rating of “Moderate Buy” and an average price target of $29.44.
Read Our Latest Research Report on CURB
Curbline Properties Price Performance
The stock has a market cap of $3.24 billion, a price-to-earnings ratio of 98.98 and a beta of 0.55. The company has a 50 day simple moving average of $28.11 and a 200-day simple moving average of $26.04. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.18.
Curbline Properties (NYSE:CURB – Get Free Report) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.23. The company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $53.34 million. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.Curbline Properties’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.24 EPS. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts expect that Curbline Properties Corp. will post 1.22 EPS for the current year.
Curbline Properties Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. Curbline Properties’s dividend payout ratio (DPR) is presently 219.35%.
Hedge Funds Weigh In On Curbline Properties
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. grew its holdings in Curbline Properties by 21.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after purchasing an additional 2,365,894 shares during the period. State Street Corp grew its holdings in Curbline Properties by 1.9% during the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares during the period. Principal Financial Group Inc. grew its holdings in Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after purchasing an additional 2,714,859 shares during the period. Daiwa Securities Group Inc. grew its holdings in Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock worth $61,966,000 after purchasing an additional 562,642 shares during the period. Finally, Geode Capital Management LLC boosted its holdings in shares of Curbline Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company’s stock worth $58,426,000 after acquiring an additional 22,731 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.