Paralel Advisors LLC Makes New $1.37 Million Investment in Curbline Properties Corp. $CURB

Key Points

• Paralel Advisors LLC has made a new investment of approximately $1.37 million in Curbline Properties Corp. by purchasing 60,000 shares, representing 0.06% of the company.
• Curbline Properties announced a quarterly dividend of $0.16 per share and initiated a stock buyback plan allowing for the repurchase of up to $250 million in shares, indicating management's belief in the stock's undervaluation.
• Analysts have mixed opinions on Curbline Properties, with a consensus rating of "Hold" and an average price target of $27.25 following recent coverage by several research firms.

Paralel Advisors LLC purchased a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 60,000 shares of the company's stock, valued at approximately $1,370,000. Paralel Advisors LLC owned 0.06% of Curbline Properties at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new stake in shares of Curbline Properties in the 2nd quarter worth $3,378,000. Mutual of America Capital Management LLC increased its stake in shares of Curbline Properties by 2,209.3% in the 2nd quarter. Mutual of America Capital Management LLC now owns 317,922 shares of the company's stock valued at $7,258,000 after purchasing an additional 304,155 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of Curbline Properties by 23.8% in the second quarter. New York State Teachers Retirement System now owns 33,391 shares of the company's stock valued at $762,000 after purchasing an additional 6,423 shares during the period. TD Asset Management Inc increased its position in shares of Curbline Properties by 43.3% during the second quarter. TD Asset Management Inc now owns 166,168 shares of the company's stock worth $3,794,000 after purchasing an additional 50,210 shares in the last quarter. Finally, State of Alaska Department of Revenue raised its holdings in Curbline Properties by 5.2% in the 2nd quarter. State of Alaska Department of Revenue now owns 103,563 shares of the company's stock valued at $2,363,000 after acquiring an additional 5,138 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently commented on CURB. LADENBURG THALM/SH SH started 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 on the stock. Weiss Ratings reiterated a "hold (c-)" rating on shares of Curbline Properties in a research note on Wednesday, October 8th. Finally, Morgan Stanley raised Curbline Properties to an "overweight" rating in a report on Friday, October 3rd. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $27.25.

Curbline Properties Trading Up 0.5%

Shares of CURB stock opened at $24.35 on Thursday. Curbline Properties Corp. has a one year low of $20.91 and a one year 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 50 day moving average price of $22.67 and a 200 day moving average price of $22.74.

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

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.6%. The ex-dividend date was Tuesday, September 30th.

Curbline Properties announced that its Board of Directors has initiated a stock buyback plan on Thursday, October 2nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.6% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

Curbline Properties 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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