Curbline Properties (NYSE:CURB) Sets New 52-Week High – Still a Buy?

Shares of Curbline Properties Corp. (NYSE:CURB) reached a new 52-week high on Monday . The stock traded as high as $31.87 and last traded at $31.24, with a volume of 536 shares. The stock had previously closed at $31.66.

Wall Street Analysts Forecast Growth

CURB has been the subject of a number of recent analyst reports. KeyCorp raised their target price on shares of Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Monday, June 22nd. 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. Citigroup increased their price objective on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Truist Financial raised their price objective on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Weiss Ratings cut Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.67.

Curbline Properties Trading Down 2.6%

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 stock has a market capitalization of $3.21 billion, a P/E ratio of 98.25 and a beta of 0.55. The firm’s 50-day simple moving average is $28.97 and its 200 day simple moving average is $26.64.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.23. The company had revenue of $57.99 million during 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 business’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.24 EPS. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Equities research analysts anticipate that Curbline Properties Corp. will post 1.22 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, June 18th. Curbline Properties’s dividend payout ratio (DPR) is presently 219.35%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of CURB. Principal Financial Group Inc. boosted its stake in shares of Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. raised its position in shares of Curbline Properties by 21.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after purchasing an additional 2,365,894 shares during the period. Balyasny Asset Management L.P. lifted its holdings in shares of Curbline Properties by 36.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock valued at $49,414,000 after purchasing an additional 577,037 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in shares of Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after purchasing an additional 562,642 shares during the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Curbline Properties by 2,226.3% during the fourth quarter. SG Americas Securities LLC now owns 454,044 shares of the company’s stock valued at $10,538,000 after purchasing an additional 434,526 shares during the last quarter.

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.