Curbline Properties (NYSE:CURB) Reaches New 1-Year High Following Earnings Beat

Curbline Properties Corp. (NYSE:CURB) reached a new 52-week high on Tuesday after the company announced better than expected quarterly earnings. The stock traded as high as $28.74 and last traded at $28.3920, with a volume of 47845 shares traded. The stock had previously closed at $28.33.

The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. Curbline Properties had a return on equity of 2.10% and a net margin of 21.78%.During the same period in the previous year, the firm earned $0.24 EPS. The business’s revenue was up 51.0% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS.

Curbline Properties Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th were given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. This is an increase from Curbline Properties’s previous quarterly dividend of $0.16. The ex-dividend date was Wednesday, March 18th. Curbline Properties’s payout ratio is presently 178.95%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on CURB shares. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Sunday. Wolfe Research upgraded Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a research report on Monday, January 12th. Weiss Ratings raised Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, March 25th. Morgan Stanley lifted their price objective on Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, Truist Financial lifted their price objective on Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Seven research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Curbline Properties has an average rating of “Moderate Buy” and a consensus price target of $28.25.

Insiders Place Their Bets

In other news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the completion of the sale, the chief executive officer directly owned 506,597 shares in the company, valued at $13,591,997.51. This represents a 14.17% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 8.70% of the company’s stock.

Institutional Trading of Curbline Properties

Institutional investors and hedge funds have recently made changes to their positions in the company. Rockefeller Capital Management L.P. increased its holdings 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 buying an additional 654 shares during the last quarter. Parallel Advisors LLC boosted its position in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after purchasing an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in 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 purchasing an additional 694 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after purchasing an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets boosted its position in Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after purchasing an additional 2,091 shares during the period.

Curbline Properties Trading Up 0.6%

The business’s 50-day moving average is $27.02 and its two-hundred day moving average is $24.88. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $3.01 billion, a PE ratio of 74.93 and a beta of 0.48.

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.