Aew Capital Management Inc. Makes New $52.34 Million Investment in Curbline Properties Corp. $CURB

Key Points

• Aew Capital Management initiated a $52.34 million position in Curbline Properties, buying 1.88 million shares—about 1.55% of the company and 3.4% of the fund’s portfolio.
• Analysts maintain a “Moderate Buy” consensus, with an average price target of $32.44; six rate the stock Buy and three Hold.
• Curbline’s latest quarterly revenue rose 46.3% year over year to $71.1 million, beating estimates, while EPS of $0.06 fell short of the $0.07 consensus.

Aew Capital Management Inc. purchased a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 1,880,632 shares of the company's stock, valued at approximately $52,338,000. Curbline Properties accounts for 3.4% of Aew Capital Management Inc.'s portfolio, making the stock its 13th largest holding. Aew Capital Management Inc. owned about 1.55% of Curbline Properties as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CURB. Maryland State Retirement & Pension System increased its holdings in shares of Curbline Properties by 67.7% during the third quarter. Maryland State Retirement & Pension System now owns 23,681 shares of the company's stock worth $659,000 after buying an additional 9,559 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in Curbline Properties by 23.8% in the third quarter. Pictet Asset Management Holding SA now owns 17,368 shares of the company's stock worth $483,000 after purchasing an additional 3,335 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in Curbline Properties by 7.7% in the third quarter. Oregon Public Employees Retirement Fund now owns 23,774 shares of the company's stock worth $662,000 after purchasing an additional 1,700 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Curbline Properties by 1.7% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 104,786 shares of the company's stock worth $2,916,000 after purchasing an additional 1,745 shares during the last quarter. Finally, ProShare Advisors LLC grew its holdings in shares of Curbline Properties by 4.8% during the third quarter. ProShare Advisors LLC now owns 14,779 shares of the company's stock worth $411,000 after purchasing an additional 676 shares during the last quarter.

Analyst Ratings Changes

CURB has been the subject of a number of research analyst reports. KeyCorp lifted their price target on Curbline Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Citigroup increased 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. Truist Financial raised their price objective on shares of Curbline Properties from $33.00 to $34.00 and gave the company a "buy" rating in a research report on Monday, November 2nd. Jefferies Financial Group initiated coverage on shares of Curbline Properties in a research note on Tuesday, August 25th. They issued a "buy" rating and a $36.00 target price for the company. Finally, Weiss Ratings downgraded shares of Curbline Properties from a "buy (b-)" rating to a "hold (c)" rating in a research note on Friday, October 23rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, Curbline Properties currently has a consensus rating of "Moderate Buy" and a consensus target price of $32.44.

Insiders Place Their Bets

In other news, CAO Christina M. Yarian sold 5,000 shares of the firm's stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $29.97, for a total value of $149,850.00. Following the transaction, the chief accounting officer directly owned 18,697 shares in the company, valued at $560,349.09. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Alexander Otto sold 221,812 shares of Curbline Properties stock in a transaction on Tuesday, September 8th. The stock was sold at an average price of $29.68, for a total value of $6,583,380.16. Following the sale, the director directly owned 6,586,370 shares of the company's stock, valued at approximately $195,483,461.60. This trade represents a 3.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 861,944 shares of company stock worth $25,863,224. 8.70% of the stock is currently owned by company insiders.

Curbline Properties Stock Down 0.4%

Shares of NYSE CURB opened at $29.25 on Thursday. The firm has a market capitalization of $3.55 billion, a PE ratio of 121.86 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.15. Curbline Properties Corp. has a 1 year low of $22.33 and a 1 year high of $32.15. The firm's 50-day moving average is $28.40 and its 200-day moving average is $28.38.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). Curbline Properties had a return on equity of 1.34% and a net margin of 11.13%. The business had revenue of $71.10 million for the quarter, compared to analyst estimates of $66.53 million. During the same quarter in the prior year, the firm earned $0.09 EPS. The firm's quarterly revenue was up 46.3% compared to the same quarter last year. Equities analysts expect that Curbline Properties Corp. will post 1.26 EPS for the current year.

Curbline Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were paid a $0.17 dividend. The ex-dividend date of this dividend was Tuesday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. Curbline Properties's dividend payout ratio is 283.33%.

About Curbline Properties

Curbline Properties is a real estate investment trust focused on owning and operating convenience-oriented retail properties in the United States. Its properties serve everyday shopping and service needs, with tenants that may include retailers, restaurants and personal-service businesses. The company focuses on suburban locations and smaller-format retail centers designed to provide convenient access for nearby communities. Curbline became an independent, publicly traded company in 2024 after being spun off from SITE Centers Corporation.

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