New York State Teachers Retirement System Has $762,000 Stake in Curbline Properties Corp. $CURB

New York State Teachers Retirement System lifted its position in shares of Curbline Properties Corp. (NYSE:CURB) by 23.8% during the second quarter, Holdings Channel.com reports. The firm owned 33,391 shares of the company’s stock after purchasing an additional 6,423 shares during the period. New York State Teachers Retirement System’s holdings in Curbline Properties were worth $762,000 as of its most recent SEC filing.

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

Curbline Properties Stock Up 0.5%

Shares of Curbline Properties stock opened at $24.35 on Thursday. Curbline Properties Corp. has a 1 year low of $20.91 and a 1 year high of $25.69. The stock has a fifty day moving average price of $22.67 and a 200-day moving average price of $22.74. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05.

Curbline Properties (NYSE:CURB) last issued 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 return on equity of 1.01% and a net margin of 11.74%.The firm had revenue of $41.10 million for the quarter, compared to analysts’ expectations of $37.67 million. During the same quarter in the prior year, the firm earned $0.19 EPS. The business’s revenue for the quarter was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties declared that its Board of Directors has approved a share repurchase plan on Thursday, October 2nd that permits the company to buyback $250.00 million in outstanding shares. This buyback authorization permits the company to reacquire up to 10.6% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its shares are undervalued.

Curbline Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Tuesday, September 30th.

Wall Street Analyst Weigh In

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

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.