Curbline Properties (NYSE:CURB) Sets New 12-Month High Following Better-Than-Expected Earnings

Shares of Curbline Properties Corp. (NYSE:CURB) hit a new 52-week high during trading on Tuesday following a better than expected earnings announcement. The stock traded as high as $32.05 and last traded at $32.0080, with a volume of 594823 shares traded. The stock had previously closed at $31.54.

The company reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.27. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. During the same quarter in the prior year, the company posted $0.26 EPS. The company’s revenue was up 52.9% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS.

Curbline Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th were issued a dividend of $0.17 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.1%. Curbline Properties’s dividend payout ratio is presently 219.35%.

Analysts Set New Price Targets

CURB has been the subject of a number of recent analyst reports. KeyCorp boosted their price objective on shares of Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Citigroup upped their price target on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. JPMorgan Chase & Co. lifted their price objective on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Finally, Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $30.44.

Hedge Funds Weigh In On Curbline Properties

Institutional investors and hedge funds have recently modified their holdings of the company. Handelsbanken Fonder AB grew its stake in shares of Curbline Properties by 24.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 36,600 shares of the company’s stock valued at $1,113,000 after purchasing an additional 7,200 shares during the period. Bank of America Corp DE lifted its stake in shares of Curbline Properties by 39.4% in the 1st quarter. Bank of America Corp DE now owns 645,997 shares of the company’s stock worth $16,660,000 after purchasing an additional 182,424 shares during the period. Anson Funds Management LP bought a new position in shares of Curbline Properties in the 1st quarter worth approximately $1,315,000. Amundi boosted its holdings in shares of Curbline Properties by 7.6% in the first quarter. Amundi now owns 51,967 shares of the company’s stock worth $1,340,000 after buying an additional 3,674 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in Curbline Properties by 32.1% during the first quarter. California State Teachers Retirement System now owns 115,367 shares of the company’s stock valued at $2,975,000 after buying an additional 28,022 shares during the period.

Curbline Properties Trading Up 0.5%

The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18. The firm has a market capitalization of $3.61 billion, a PE ratio of 103.02 and a beta of 0.51. The stock’s fifty day simple moving average is $30.09 and its 200 day simple moving average is $27.66.

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.