Legal & General Group Plc Buys 68,093 Shares of Curbline Properties Corp. $CURB

Legal & General Group Plc raised its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 10.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 729,139 shares of the company’s stock after purchasing an additional 68,093 shares during the period. Legal & General Group Plc’s holdings in Curbline Properties were worth $16,923,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Diamond Hill Capital Management Inc. boosted its holdings in shares of Curbline Properties by 48.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock valued at $4,118,000 after purchasing an additional 58,138 shares during the last quarter. Handelsbanken Fonder AB lifted its holdings in shares of Curbline Properties by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 29,400 shares of the company’s stock valued at $682,000 after acquiring an additional 3,900 shares during the last quarter. ProShare Advisors LLC lifted its holdings in shares of Curbline Properties by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock valued at $439,000 after acquiring an additional 592 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al lifted its holdings in shares of Curbline Properties by 83.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company’s stock valued at $2,969,000 after acquiring an additional 58,200 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its holdings in shares of Curbline Properties by 4.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 75,442 shares of the company’s stock valued at $1,745,000 after acquiring an additional 3,154 shares during the last quarter.

Curbline Properties Stock Down 1.6%

Shares of NYSE CURB opened at $28.68 on Tuesday. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20. The company has a market cap of $3.03 billion, a P/E ratio of 92.50 and a beta of 0.52. Curbline Properties Corp. has a 1 year low of $21.62 and a 1 year high of $29.48. The firm has a 50-day simple moving average of $27.42 and a two-hundred day simple moving average of $25.64.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.23. The business had revenue of $57.99 million during the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The firm’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts anticipate that Curbline Properties Corp. will post 1.21 earnings per share for the current year.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be paid a $0.17 dividend. The ex-dividend date of this dividend is Thursday, June 18th. This represents a $0.68 annualized dividend and a yield of 2.4%. Curbline Properties’s dividend payout ratio (DPR) is presently 219.35%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Truist Financial increased their price target on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Weiss Ratings downgraded shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, May 1st. Wall Street Zen downgraded shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Morgan Stanley increased their price target on shares of Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a report on Thursday, April 23rd. Finally, KeyCorp increased their price target on shares of Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $29.44.

Insider Transactions at Curbline Properties

In other Curbline Properties news, CEO David R. Lukes sold 83,663 shares of the firm’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $26.83, for a total value of $2,244,678.29. Following the completion of the sale, the chief executive officer owned 506,597 shares of the company’s stock, valued at $13,591,997.51. This trade represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 8.70% of the stock is currently owned by insiders.

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.