Curbline Properties Corp. (NYSE:CURB) Given Average Rating of "Hold" by Analysts

Key Points

• Curbline Properties Corp. has received a consensus rating of "Hold" from eight analysts, with six holding and two assigning a buy rating, while the average target price is set at $26.00.
• The company recently reported quarterly earnings of $0.26 per share, exceeding estimates and showing a 47% year-over-year revenue increase.
• Curbline Properties announced a stock buyback plan of $250 million, allowing repurchase of up to 10.6% of its stock, indicating confidence in the company's valuation.

Shares of Curbline Properties Corp. (NYSE:CURB - Get Free Report) have earned a consensus rating of "Hold" from the eight analysts that are currently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among analysts that have updated their coverage on the stock in the last year is $26.00.

Several research firms have issued reports on CURB. Weiss Ratings restated a "hold (c-)" rating on shares of Curbline Properties in a research report on Saturday, September 27th. Morgan Stanley upgraded shares of Curbline Properties to an "overweight" rating in a research report on Friday. Finally, LADENBURG THALM/SH SH began coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They set a "neutral" rating and a $25.00 price target for the company.

Curbline Properties Stock Up 3.4%

NYSE CURB opened at $23.60 on Friday. Curbline Properties has a 52-week low of $20.91 and a 52-week high of $25.69. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05. The company has a fifty day moving average of $22.49 and a 200-day moving average of $22.81.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.24 by $0.02. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The business had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. During the same period in the previous year, the firm posted $0.19 earnings per share. The firm's revenue for the quarter was up 47.0% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, research analysts forecast that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties announced that its board has initiated a stock repurchase plan on Thursday, October 2nd that allows the company to buyback $250.00 million in shares. This buyback authorization allows the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are typically an indication that the company's leadership believes its stock is undervalued.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a yield of 2.7%. The ex-dividend date is Tuesday, September 30th.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds and other institutional investors have recently modified their holdings of CURB. Smartleaf Asset Management LLC raised its stake in shares of Curbline Properties by 37.8% during the first quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock valued at $44,000 after acquiring an additional 507 shares during the last quarter. Fifth Third Bancorp raised its stake in shares of Curbline Properties by 215.9% during the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock valued at $51,000 after acquiring an additional 1,451 shares during the last quarter. State of Wyoming bought a new position in shares of Curbline Properties during the first quarter valued at about $54,000. GAMMA Investing LLC raised its stake in shares of Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after acquiring an additional 1,156 shares during the last quarter. Finally, KBC Group NV raised its stake in shares of Curbline Properties by 48.4% during the first quarter. KBC Group NV now owns 5,691 shares of the company's stock valued at $138,000 after acquiring an additional 1,857 shares during the last quarter.

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.

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