VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $3.38 Million Investment in Curbline Properties Corp. $CURB

Key Points

• The Virginia Retirement Systems ET Al has made a new investment in Curbline Properties Corp., acquiring 147,956 shares valued at approximately $3.38 million.
• A share buyback program was initiated by Curbline Properties, allowing the company to repurchase up to $250 million of outstanding shares, indicating management believes the stock is undervalued.
• Curbline Properties reported a quarterly EPS of $0.26, exceeding analysts' expectations, and announced a quarterly dividend of $0.16 per share set to be paid on October 21st.

VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 147,956 shares of the company's stock, valued at approximately $3,378,000. VIRGINIA RETIREMENT SYSTEMS ET Al owned approximately 0.14% of Curbline Properties at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Smartleaf Asset Management LLC raised its holdings in shares of Curbline Properties by 37.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock valued at $44,000 after purchasing an additional 507 shares during the period. State of Wyoming bought a new stake in shares of Curbline Properties in the 1st quarter valued at about $54,000. GAMMA Investing LLC raised its holdings in shares of Curbline Properties by 91.1% in the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after purchasing an additional 1,156 shares during the period. KBC Group NV raised its holdings in shares of Curbline Properties by 48.4% in the 1st quarter. KBC Group NV now owns 5,691 shares of the company's stock valued at $138,000 after purchasing an additional 1,857 shares during the period. Finally, M&T Bank Corp bought a new stake in shares of Curbline Properties in the 1st quarter valued at about $205,000.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on CURB shares. Morgan Stanley raised shares of Curbline Properties to an "overweight" rating in a report on Friday, October 3rd. LADENBURG THALM/SH SH started coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They issued a "neutral" rating and a $25.00 target price on the stock. Finally, Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Curbline Properties in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Curbline Properties currently has a consensus rating of "Hold" and an average price target of $27.25.

Curbline Properties Stock Performance

Shares of CURB opened at $23.49 on Tuesday. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $25.69. The firm's 50-day simple moving average is $22.61 and its 200 day simple moving average is $22.72. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05.

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, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $37.67 million. During the same quarter in the prior year, the business earned $0.19 EPS. Curbline Properties's quarterly 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. Sell-side analysts forecast that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties declared that its Board of Directors has initiated a share buyback program on Thursday, October 2nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to buy up to 10.6% of its stock through open market purchases. Stock buyback programs are often an indication that the company's leadership believes its stock is undervalued.

Curbline Properties Announces Dividend

The firm also recently announced 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 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Tuesday, September 30th.

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.

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