The Manufacturers Life Insurance Company Makes New Investment in Curbline Properties Corp. $CURB

The Manufacturers Life Insurance Company bought a new stake in Curbline Properties Corp. (NYSE:CURB) in the second quarter, HoldingsChannel.com reports. The fund bought 45,831 shares of the company’s stock, valued at approximately $1,393,000.

Several other institutional investors also recently made changes to their positions in CURB. Sanctuary Advisors LLC acquired a new stake in shares of Curbline Properties during the 2nd quarter worth approximately $575,000. Greenland Capital Management LP acquired a new position in Curbline Properties during the 2nd quarter valued at approximately $2,163,000. Quantbot Technologies LP acquired a new position in Curbline Properties during the 2nd quarter valued at approximately $2,350,000. Westpac Banking Corp bought a new position in Curbline Properties during the 2nd quarter worth $3,540,000. Finally, Paralel Advisors LLC bought a new position in Curbline Properties during the 2nd quarter worth $1,824,000.

Curbline Properties Stock Up 0.4%

CURB opened at $29.53 on Friday. The stock’s 50 day moving average price is $30.32 and its 200 day moving average price is $28.76. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market cap of $3.40 billion, a P/E ratio of 109.37 and a beta of 0.49. Curbline Properties Corp. has a 12 month low of $21.93 and a 12 month high of $32.15.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The company had revenue of $63.30 million during the quarter, compared to analyst estimates of $57.25 million. During the same quarter in the previous year, the firm posted $0.26 EPS. The firm’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. As a group, research analysts predict that Curbline Properties Corp. will post 1.25 earnings per share for the current year.

Analyst Ratings Changes

CURB has been the topic of several analyst reports. Jefferies Financial Group began coverage on Curbline Properties in a research report on Tuesday, August 25th. They issued a “buy” rating and a $36.00 target price on the stock. Piper Sandler reduced their price target on shares of Curbline Properties from $40.00 to $39.00 and set an “overweight” rating for the company in a report on Thursday, August 27th. Morgan Stanley restated an “equal weight” rating and set a $30.00 price target on shares of Curbline Properties in a research report on Thursday, June 18th. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.50.

Insiders Place Their Bets

In related news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $30.38, for a total transaction of $1,674,089.90. Following the sale, the executive vice president directly owned 153,909 shares in the company, valued at $4,675,755.42. The trade was a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Alexander Otto sold 174,293 shares of the company’s stock in a transaction dated Tuesday, August 25th. The stock was sold at an average price of $30.12, for a total transaction of $5,249,705.16. Following the completion of the sale, the director directly owned 7,057,394 shares of the company’s stock, valued at $212,568,707.28. The trade was a 2.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 1,078,639 shares of company stock worth $32,478,760 over the last three months. Corporate insiders own 8.70% of the company’s stock.

Curbline Properties 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.