Curbline Properties (NYSE:CURB) Hits New 12-Month High – Here’s What Happened

Curbline Properties Corp. (NYSE:CURB)’s share price hit a new 52-week high during mid-day trading on Monday . The stock traded as high as $30.99 and last traded at $30.5850, with a volume of 3669 shares trading hands. The stock had previously closed at $30.96.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Morgan Stanley raised their target price on Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. JPMorgan Chase & Co. raised their target price on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Piper Sandler raised their target price on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday. Finally, KeyCorp raised their target price on Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research report on Wednesday, April 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Curbline Properties currently has an average rating of “Moderate Buy” and a consensus price target of $29.44.

Curbline Properties Price Performance

The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market cap of $3.23 billion, a P/E ratio of 98.74 and a beta of 0.55. The firm has a 50 day moving average price of $28.28 and a two-hundred day moving average price of $26.13.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.23. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 EPS. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, analysts predict that Curbline Properties Corp. will post 1.22 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. Curbline Properties’s dividend payout ratio is presently 219.35%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Maryland State Retirement & Pension System grew its stake in shares of Curbline Properties by 3.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 14,322 shares of the company’s stock worth $332,000 after acquiring an additional 525 shares during the period. ProShare Advisors LLC grew its stake in shares of Curbline Properties by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares during the period. Rockefeller Capital Management L.P. grew its stake in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 654 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after acquiring an additional 694 shares during the period. Finally, GSI Capital Advisors LLC grew its stake in shares of Curbline Properties by 0.5% during the 4th quarter. GSI Capital Advisors LLC now owns 158,081 shares of the company’s stock worth $3,669,000 after acquiring an additional 750 shares during the period.

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.