Curbline Properties (NYSE:CURB) Sets New 52-Week High – Time to Buy?

by · The Cerbat Gem

Curbline Properties Corp. (NYSE:CURB – Get Free Report)’s share price hit a new 52-week high during trading on Wednesday . The company traded as high as $28.97 and last traded at $28.9950, with a volume of 59313 shares changing hands. The stock had previously closed at $28.77.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. Truist Financial raised their price objective on Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Wall Street Zen cut Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Monday, May 4th. Citigroup raised their price objective on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. KeyCorp raised their price objective on Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Finally, Morgan Stanley raised their price objective on Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Seven research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $29.44.

Get Our Latest Analysis on CURB

Curbline Properties Stock Up 0.7%

The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20. The stock has a fifty day moving average price of $27.22 and a two-hundred day moving average price of $25.48. The company has a market cap of $3.06 billion, a P/E ratio of 93.47 and a beta of 0.52.

Curbline Properties (NYSE:CURB – Get Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The company had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. During the same quarter last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, research analysts expect that Curbline Properties Corp. will post 1.22 EPS for the current year.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, June 18th. Curbline Properties’s dividend payout ratio (DPR) is currently 219.35%.

Insider Buying and Selling at Curbline Properties

In other news, CEO David R. Lukes sold 83,663 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $26.83, for a total value of $2,244,678.29. Following the transaction, the chief executive officer owned 506,597 shares in the company, valued at $13,591,997.51. This trade represents a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 8.70% of the stock is owned by corporate insiders.

Institutional Trading of Curbline Properties

A number of hedge funds have recently bought and sold shares of the business. Maryland State Retirement & Pension System lifted its holdings in Curbline Properties by 3.8% during the fourth quarter. Maryland State Retirement & Pension System now owns 14,322 shares of the company’s stock worth $332,000 after acquiring an additional 525 shares during the period. ProShare Advisors LLC lifted its holdings in Curbline Properties by 3.2% during the fourth quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares during the period. Rockefeller Capital Management L.P. lifted its holdings in Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 654 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Curbline Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after acquiring an additional 694 shares during the period. Finally, GSI Capital Advisors LLC lifted its holdings in Curbline Properties by 0.5% during the fourth quarter. GSI Capital Advisors LLC now owns 158,081 shares of the company’s stock worth $3,669,000 after acquiring an additional 750 shares during the period.

About Curbline Properties

(Get Free Report)

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.

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