Curbline Properties (NYSE:CURB) Board of Directors Declares Share Repurchase Program

Curbline Properties (NYSE:CURB) announced that its Board of Directors has approved a stock repurchase program on Thursday, October 2nd, RTT News reports. The company plans to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. LADENBURG THALM/SH SH initiated coverage on Curbline Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price target on the stock. Morgan Stanley raised Curbline Properties to an “overweight” rating in a research report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Curbline Properties in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Curbline Properties Stock Up 3.4%

NYSE:CURB opened at $23.60 on Friday. Curbline Properties has a 1-year low of $20.91 and a 1-year high of $25.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40. The firm has a 50-day moving average of $22.49 and a two-hundred day moving average of $22.81.

Curbline Properties (NYSE:CURB) last announced its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.24 by $0.02. The company had revenue of $41.10 million for the quarter, compared to analyst estimates of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.Curbline Properties’s quarterly revenue was up 47.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 EPS. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities analysts anticipate that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.16 per share. The ex-dividend date is Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.7%.

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.