Curbline Issues FY EPS Guidance of 27c-32c, Stock Near 52-Week High
CURB sits 46% above its 52-week low of $21.62.
Summary
Curbline Properties provided full-year EPS guidance of 27 to 32 cents per share, a new data point for investors. The company has been active in equity markets, recently completing a $308.5 million forward offering at $30.85 per share, and has a $400 million ATM program in place. The stock is trading near its 52-week high of $31.90, suggesting the market may be pricing in improved fundamentals. The guidance range gives analysts a concrete benchmark to model against, especially after Q1 diluted EPS dropped 70% despite strong FFO growth. Watch for any updates on acquisition activity and how the forward equity sales impact per-share metrics.
At the time of this announcement, CURB was trading at $31.54 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $21.62 to $31.90. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.