Bank of America Corp DE Acquires 182,424 Shares of Curbline Properties Corp. $CURB

Key Points

• Bank of America increased its Curbline Properties stake by 39.4% in the first quarter, acquiring 182,424 additional shares for a total holding of 645,997 shares worth approximately $16.66 million.
• Analyst sentiment remains positive, with Curbline receiving an average “Moderate Buy” rating and a consensus price target of $31.11. Citigroup and JPMorgan recently raised their price targets, while Wolfe Research downgraded the stock to “peer perform.”
• Curbline exceeded quarterly expectations, reporting $0.31 EPS versus a $0.04 consensus estimate and $63.3 million in revenue, up 52.9% year over year. However, insiders have sold 769,478 shares worth roughly $23.16 million over the past three months.

Bank of America Corp DE raised its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 39.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 645,997 shares of the company's stock after acquiring an additional 182,424 shares during the period. Bank of America Corp DE owned about 0.61% of Curbline Properties worth $16,660,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Rockefeller Capital Management L.P. lifted its holdings in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company's stock valued at $27,000 after purchasing an additional 654 shares in the last quarter. Parallel Advisors LLC increased its stake in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company's stock worth $45,000 after purchasing an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company's stock worth $64,000 after purchasing an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company's stock worth $189,000 after buying an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company's stock worth $215,000 after buying an additional 2,091 shares during the period.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CURB. Weiss Ratings raised shares of Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. Wolfe Research downgraded Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. JPMorgan Chase & Co. boosted 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. Citigroup upped their price objective on Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, Curbline Properties currently has an average rating of "Moderate Buy" and an average price target of $31.11.

Curbline Properties Price Performance

NYSE:CURB opened at $29.50 on Friday. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The company has a market cap of $3.39 billion, a P/E ratio of 109.26 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock's 50-day simple moving average is $30.52 and its 200 day simple moving average is $28.44.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, beating the consensus estimate of $0.04 by $0.27. The firm had revenue of $63.30 million during the quarter, compared to analysts' expectations 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% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts forecast that Curbline Properties Corp. will post 1.26 EPS for the current fiscal year.

Insider Activity at Curbline Properties

In related news, Director Alexander Otto sold 1,206 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $30.10, for a total value of $36,300.60. Following the completion of the transaction, the director directly owned 7,231,687 shares of the company's stock, valued at approximately $217,673,778.70. This trade represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 769,478 shares of company stock valued at $23,160,087. Corporate insiders own 8.70% 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.

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