116,447 Shares in Curbline Properties Corp. $CURB Bought by Westpac Banking Corp

Key Points

• Westpac Banking Corp acquired 116,447 Curbline Properties shares worth approximately $3.54 million, while several other institutions—including BlackRock and Deutsche Bank—also initiated positions during the second quarter.
• Curbline insiders sold 769,478 shares valued at about $23.16 million over the past three months, though insiders still own 8.70% of the company.
• Curbline reported quarterly EPS of $0.31, far above the $0.04 consensus estimate, while revenue rose 52.9% year over year to $63.3 million. Analysts maintain a “Moderate Buy” consensus rating with a $31.11 price target.

Westpac Banking Corp bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 116,447 shares of the company's stock, valued at approximately $3,540,000. Westpac Banking Corp owned about 0.10% of Curbline Properties at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CURB. Paralel Advisors LLC bought a new stake in shares of Curbline Properties during the 2nd quarter valued at about $1,824,000. NFJ Investment Group LLC acquired a new position in Curbline Properties in the second quarter valued at approximately $2,227,000. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Curbline Properties in the second quarter valued at approximately $4,299,000. BlackRock Inc. bought a new position in shares of Curbline Properties during the second quarter valued at approximately $531,338,000. Finally, Deutsche Bank AG bought a new position in shares of Curbline Properties during the second quarter valued at approximately $62,145,000.

Insider Buying and Selling at Curbline Properties

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 136,226 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $30.25, for a total transaction of $4,120,836.50. Following the completion of the sale, the director directly owned 7,274,993 shares of the company's stock, valued at $220,068,538.25. The trade was a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 769,478 shares of company stock valued at $23,160,087. Company insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Several brokerages recently issued reports on CURB. Piper Sandler raised their price target on Curbline Properties from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Wednesday, July 29th. Weiss Ratings upgraded Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. JPMorgan Chase & Co. increased their target price on Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. Morgan Stanley reiterated an "equal weight" rating and issued a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, KeyCorp boosted their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $31.11.

Curbline Properties Price Performance

Shares of NYSE:CURB opened at $29.47 on Friday. The firm's 50 day moving average is $30.49 and its two-hundred day moving average is $28.44. Curbline Properties Corp. has a 52 week low of $21.93 and a 52 week high of $32.15. The firm has a market capitalization of $3.39 billion, a P/E ratio of 109.15 and a beta of 0.51. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.27. The business had revenue of $63.30 million during the quarter, compared to the consensus estimate of $57.25 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The business's revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts anticipate that Curbline Properties Corp. will post 1.26 earnings per share 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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