Paralel Advisors LLC purchased a new position 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 and Exchange Commission. The fund purchased 60,000 shares of the company's stock, valued at approximately $1,824,000. Paralel Advisors LLC owned approximately 0.05% of Curbline Properties as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Curbline Properties by 43.7% in the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company's stock valued at $425,000 after purchasing an additional 5,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in shares of Curbline Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company's stock worth $1,367,000 after purchasing an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Curbline Properties by 11.9% in the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company's stock valued at $17,596,000 after buying an additional 77,322 shares during the last quarter. Jane Street Group LLC purchased a new position in Curbline Properties in the first quarter valued at $4,025,000. Finally, Intech Investment Management LLC raised its stake in Curbline Properties by 58.6% in the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company's stock valued at $1,257,000 after buying an additional 19,204 shares in the last quarter.
Insider Activity at Curbline Properties
In related news, EVP Conor Fennerty sold 55,105 shares of the company's stock in a transaction on Thursday, July 30th. The shares were sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the sale, the executive vice president owned 153,909 shares in the company, valued at $4,675,755.42. This represents a 26.36% decrease in their position. The transaction 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 on Friday, August 14th. The shares were 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 owned 7,274,993 shares of the company's stock, valued at approximately $220,068,538.25. This trade represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 769,478 shares of company stock worth $23,160,087. 8.70% of the stock is currently owned by corporate insiders.
Curbline Properties Stock Performance
Shares of CURB stock opened at $29.50 on Friday. The stock's 50-day moving average is $30.52 and its two-hundred day moving average is $28.44. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. Curbline Properties Corp. has a 1 year low of $21.93 and a 1 year high of $32.15. The firm has a market cap of $3.39 billion, a price-to-earnings ratio of 109.26 and a beta of 0.51.
Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, beating 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 quarterly revenue was up 52.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.26 EPS. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts predict that Curbline Properties Corp. will post 1.26 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of analysts have issued reports on CURB shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. Wolfe Research cut Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. JPMorgan Chase & Co. upped their price target on Curbline Properties from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Weiss Ratings upgraded shares of Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. Finally, Citigroup raised their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $31.11.
Check Out Our Latest Stock Analysis on CURB
Curbline Properties Company Profile
(
Free Report)
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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