Mutual of America Capital Management LLC Raises Stake in Curbline Properties Corp. $CURB

Mutual of America Capital Management LLC boosted its position in Curbline Properties Corp. (NYSE:CURB) by 2,209.3% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 317,922 shares of the company’s stock after buying an additional 304,155 shares during the period. Mutual of America Capital Management LLC owned approximately 0.30% of Curbline Properties worth $7,258,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in Curbline Properties by 28.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock worth $160,241,000 after acquiring an additional 1,474,896 shares during the period. Nuveen LLC purchased a new stake in shares of Curbline Properties during the first quarter worth $56,521,000. Millennium Management LLC grew its holdings in shares of Curbline Properties by 12.3% in the first quarter. Millennium Management LLC now owns 1,689,481 shares of the company’s stock valued at $40,869,000 after purchasing an additional 184,560 shares during the period. Wellington Management Group LLP grew its holdings in shares of Curbline Properties by 3,409.1% in the first quarter. Wellington Management Group LLP now owns 1,432,024 shares of the company’s stock valued at $34,641,000 after purchasing an additional 1,391,215 shares during the period. Finally, Aew Capital Management L P grew its holdings in shares of Curbline Properties by 29.4% in the first quarter. Aew Capital Management L P now owns 790,257 shares of the company’s stock valued at $19,116,000 after purchasing an additional 179,630 shares during the period.

Curbline Properties Stock Performance

Shares of CURB stock opened at $23.49 on Tuesday. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $22.61 and a two-hundred day moving average of $22.72. Curbline Properties Corp. has a 1-year low of $20.91 and a 1-year high of $25.69.

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

Curbline Properties Announces Dividend

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

Curbline Properties declared that its Board of Directors has initiated a share repurchase program on Thursday, October 2nd that allows the company to buyback $250.00 million in outstanding shares. This buyback authorization allows the company to purchase up to 10.6% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. LADENBURG THALM/SH SH assumed coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price objective for the company. Morgan Stanley raised shares of Curbline Properties to an “overweight” rating in a report on Friday, October 3rd. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Curbline Properties in a report on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $27.25.

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.