Curbline Properties (NYSE:CURB) Sees Strong Trading Volume Following Dividend Announcement

Curbline Properties Corp. (NYSE:CURB) shares saw unusually-strong trading volume on Thursday after the company announced a dividend. Approximately 1,368,896 shares traded hands during mid-day trading, an increase of 120% from the previous session’s volume of 621,241 shares.The stock last traded at $22.8970 and had previously closed at $22.85.

The newly announced dividend which will be paid on Wednesday, January 7th. Investors of record on Monday, December 22nd will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.8%. The ex-dividend date is Monday, December 22nd. Curbline Properties’s dividend payout ratio is currently 160.00%.

Analysts Set New Price Targets

A number of analysts recently commented on CURB shares. Morgan Stanley raised Curbline Properties to an “overweight” rating in a research note on Friday, October 3rd. LADENBURG THALM/SH SH initiated coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 target price for the company. Citigroup upgraded shares of Curbline Properties from a “neutral” rating to a “buy” rating and boosted their price target for the company from $25.00 to $27.00 in a research report on Wednesday, November 19th. UBS Group set a $27.00 price target on shares of Curbline Properties in a research note on Thursday, December 4th. Finally, Truist Financial raised their price objective on shares of Curbline Properties from $23.00 to $24.00 and gave the stock a “hold” rating in a report on Monday, November 24th. Four equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.75.

Curbline Properties Stock Up 0.1%

The stock’s 50 day simple moving average is $23.39 and its two-hundred day simple moving average is $22.88. The firm has a market cap of $2.41 billion, a P/E ratio of 57.18 and a beta of 0.45. The company has a debt-to-equity ratio of 0.21, a current ratio of 9.99 and a quick ratio of 9.99.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, October 28th. The company reported $0.09 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.09. The company had revenue of $48.65 million during the quarter, compared to analyst estimates of $43.29 million. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The business’s revenue for the quarter was up 63.1% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. As a group, research analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties declared that its Board of Directors has authorized a stock repurchase plan on Thursday, October 2nd that authorizes the company to buyback $250.00 million in shares. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Hedge Funds Weigh In On Curbline Properties

A number of hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC grew its position in Curbline Properties by 37.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company’s stock worth $44,000 after purchasing an additional 507 shares during the period. Parallel Advisors LLC raised its stake in shares of Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares during the period. State of Wyoming bought a new stake in Curbline Properties during the 1st quarter worth approximately $54,000. BNP Paribas Financial Markets raised its position in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after purchasing an additional 2,091 shares during the period. Finally, Tower Research Capital LLC TRC lifted its position in shares of Curbline Properties by 120.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after acquiring an additional 5,268 shares in 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.