Hudson Bay Capital Management LP Buys New Shares in Curbline Properties Corp. $CURB

by · The Cerbat Gem

Hudson Bay Capital Management LP bought a new position in shares of Curbline Properties Corp. (NYSE:CURB – Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund bought 844,735 shares of the company’s stock, valued at approximately $19,285,000. Hudson Bay Capital Management LP owned approximately 0.80% of Curbline Properties at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. grew its position in shares of 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 buying an additional 1,474,896 shares in the last quarter. State Street Corp lifted its stake in Curbline Properties by 1.9% in the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after acquiring an additional 101,813 shares during the last quarter. Geode Capital Management LLC grew its holdings in Curbline Properties by 1.4% during the 2nd quarter. Geode Capital Management LLC now owns 2,460,496 shares of the company’s stock worth $56,180,000 after acquiring an additional 34,770 shares in the last quarter. Prudential Financial Inc. grew its holdings in Curbline Properties by 9.3% during the 2nd quarter. Prudential Financial Inc. now owns 2,292,128 shares of the company’s stock worth $52,329,000 after acquiring an additional 194,918 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Curbline Properties by 0.3% in the 2nd quarter. Daiwa Securities Group Inc. now owns 2,216,074 shares of the company’s stock valued at $50,593,000 after purchasing an additional 7,668 shares during the last quarter.

Curbline Properties Stock Up 0.7%

Shares of NYSE CURB opened at $22.87 on Friday. The business has a 50-day moving average price of $23.38 and a 200 day moving average price of $22.88. The stock has a market cap of $2.41 billion, a PE ratio of 57.17 and a beta of 0.45. The company has a quick ratio of 9.99, a current ratio of 9.99 and a debt-to-equity ratio of 0.21. Curbline Properties Corp. has a 52-week low of $20.91 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB – Get Free Report) last issued 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 analysts’ expectations of $43.29 million. Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The company’s quarterly revenue was up 63.1% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 1.030-1.040 EPS. Equities research analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties announced that its Board of Directors has approved a share repurchase plan on Thursday, October 2nd that allows the company to repurchase $250.00 million in shares. This repurchase authorization allows the company to repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Curbline Properties Dividend Announcement

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

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. UBS Group set a $27.00 target price on shares of Curbline Properties in a research note on Thursday, December 4th. Morgan Stanley raised Curbline Properties to an “overweight” rating in a report on Friday, October 3rd. Citigroup upgraded Curbline Properties from a “neutral” rating to a “buy” rating and increased their price objective for the company from $25.00 to $27.00 in a report on Wednesday, November 19th. Weiss Ratings reissued a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 8th. Finally, KeyCorp raised Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price target for the company in a report on Thursday, December 4th. Four research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $26.75.

Read Our Latest Analysis on CURB

Curbline Properties Profile

(Free Report)

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.

Further Reading

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