Westpac Banking Corp Raises Position in Curbline Properties Corp. $CURB

Westpac Banking Corp grew its stake in Curbline Properties Corp. (NYSE:CURB) by 111.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 116,447 shares of the company’s stock after purchasing an additional 61,282 shares during the quarter. Westpac Banking Corp’s holdings in Curbline Properties were worth $3,003,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CURB. Dimensional Fund Advisors LP grew its holdings in Curbline Properties by 3.9% during the first quarter. Dimensional Fund Advisors LP now owns 1,443,492 shares of the company’s stock worth $37,227,000 after buying an additional 54,661 shares in the last quarter. Sanctuary Advisors LLC purchased a new stake in Curbline Properties in the 1st quarter valued at $224,000. Principal Financial Group Inc. lifted its stake in Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Curbline Properties by 21.9% during the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 67,779 shares of the company’s stock valued at $1,748,000 after acquiring an additional 12,173 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Curbline Properties by 10.3% during the 1st quarter. Hsbc Holdings PLC now owns 557,481 shares of the company’s stock worth $14,380,000 after acquiring an additional 52,188 shares during the last quarter.

Analysts Set New Price Targets

Several research firms have recently issued reports on CURB. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Weiss Ratings lowered shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Piper Sandler boosted their price target on shares of Curbline Properties from $32.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup upped their price objective on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Monday, May 4th. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $30.44.

Curbline Properties Price Performance

Shares of NYSE CURB opened at $31.70 on Wednesday. The stock has a fifty day simple moving average of $29.80 and a two-hundred day simple moving average of $27.43. Curbline Properties Corp. has a 1-year low of $21.62 and a 1-year high of $31.90. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 102.27 and a beta of 0.51. 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) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.05 by $0.23. The company had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The company’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Analysts anticipate that Curbline Properties Corp. will post 1.22 earnings per share for the current year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.1%. Curbline Properties’s dividend payout ratio is currently 219.35%.

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.