Quantbot Technologies LP purchased a new stake in Curbline Properties Corp. (NYSE:CURB – Free Report) in the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 77,290 shares of the company’s stock, valued at approximately $2,350,000. Quantbot Technologies LP owned approximately 0.07% of Curbline Properties as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Rockefeller Capital Management L.P. raised its stake in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 654 shares during the last quarter. Parallel Advisors LLC lifted its position in Curbline Properties by 393.7% during 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. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after acquiring an additional 694 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in Curbline Properties by 25.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after purchasing an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets boosted its holdings in Curbline Properties by 28.5% in the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after acquiring an additional 2,091 shares during the last quarter.
Analysts Set New Price Targets
A number of brokerages have commented on CURB. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Citigroup raised their target price on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. raised their target price on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Finally, KeyCorp upped their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Curbline Properties presently has an average rating of “Moderate Buy” and an average price target of $31.11.
Insider Activity at Curbline Properties
In other news, Director Alexander Otto sold 1,206 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $30.10, for a total value of $36,300.60. Following the completion of the sale, the director owned 7,231,687 shares in the company, valued at $217,673,778.70. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 769,478 shares of company stock valued at $23,160,087. 8.70% of the stock is currently owned by corporate insiders.
Curbline Properties Price Performance
NYSE CURB opened at $29.77 on Tuesday. Curbline Properties Corp. has a 52 week low of $21.93 and a 52 week high of $32.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.42 billion, a price-to-earnings ratio of 110.24 and a beta of 0.51. The company has a 50-day moving average price of $30.48 and a two-hundred day moving average price of $28.51.
Curbline Properties (NYSE:CURB – Get Free Report) last released its earnings results on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.04 by $0.27. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm had revenue of $63.30 million for the quarter, compared to analysts’ expectations of $57.25 million. During the same quarter last year, the company earned $0.26 EPS. Curbline Properties’s quarterly revenue was up 52.9% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts forecast that Curbline Properties Corp. will post 1.26 EPS for the current year.
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.
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