2,336,562 Shares in Curbline Properties Corp. $CURB Bought by Nuveen LLC

Key Points

• Nuveen LLC has acquired a significant position in Curbline Properties Corp., purchasing 2,336,562 shares valued at approximately $56.5 million, representing about 2.22% of the company.
• Wall Street analysts have revised the target price for Curbline Properties from $27.00 to $26.00 while maintaining a consensus rating of "Hold" with a price target of $25.68.
• Curbline Properties reported a quarterly earnings of $0.26 per share, exceeding estimates, with a revenue of $41.1 million, which is a 47% year-over-year increase.

Nuveen LLC bought a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,336,562 shares of the company's stock, valued at approximately $56,521,000. Nuveen LLC owned 2.22% of Curbline Properties at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. acquired a new position in Curbline Properties during the fourth quarter valued at approximately $119,568,000. GRS Advisors LLC acquired a new position in Curbline Properties during the fourth quarter worth $51,890,000. Balyasny Asset Management L.P. bought a new stake in shares of Curbline Properties during the 4th quarter worth approximately $38,853,000. Nuveen Asset Management LLC acquired a new stake in Curbline Properties in the fourth quarter valued at $35,782,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in Curbline Properties in the fourth quarter valued at $35,420,000.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley cut their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $25.68.

Curbline Properties Trading Up 0.8%

CURB traded up $0.1850 during trading on Tuesday, reaching $22.2250. 41,583 shares of the company's stock were exchanged, compared to its average volume of 595,460. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05. The firm has a fifty day moving average price of $22.66 and a two-hundred day moving average price of $23.23.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The firm had revenue of $41.10 million for the quarter, compared to analyst estimates of $37.67 million. During the same period in the previous year, the firm posted $0.19 EPS. The company's revenue for the quarter was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. Equities research analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Insider Activity at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $22.81, for a total value of $638,680.00. Following the sale, the executive vice president directly owned 176,560 shares of the company's stock, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 8.60% of the company's stock.

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.