Bank of America Corp DE Acquires 590,327 Shares of Curbline Properties Corp. $CURB

Key Points

• Bank of America acquired 590,327 Curbline Properties shares worth approximately $17.9 million, while other institutions—including BlackRock and Deutsche Bank—also established or expanded positions.
• Analyst sentiment is generally positive: seven analysts rate CURB a Buy and two rate it Hold, producing a “Moderate Buy” consensus and an average price target of $32.22.
• Curbline reported quarterly EPS of $0.31, significantly above the $0.04 consensus estimate, while revenue rose 52.9% year over year to $63.3 million. The company declared a quarterly dividend of $0.17 per share, representing a 2.4% annualized yield.

Bank of America Corp DE bought a new position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 590,327 shares of the company's stock, valued at approximately $17,946,000. Bank of America Corp DE owned about 0.51% of Curbline Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of CURB. BlackRock Inc. bought a new stake in shares of Curbline Properties during the 2nd quarter valued at about $531,338,000. Principal Financial Group Inc. increased its stake in shares of Curbline Properties by 110.3% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock valued at $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. Deutsche Bank AG bought a new stake in shares of Curbline Properties in the 2nd quarter valued at $62,145,000. Jupiter Topco LLC acquired a new position in shares of Curbline Properties during the 2nd quarter valued at $46,975,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Curbline Properties by 3.9% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,443,492 shares of the company's stock valued at $37,227,000 after acquiring an additional 54,661 shares during the period.

Insider Activity

In other news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction on Thursday, July 30th. The stock was 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 position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Alexander Otto sold 221,812 shares of Curbline Properties stock in a transaction dated Tuesday, September 8th. The stock was sold at an average price of $29.68, for a total transaction of $6,583,380.16. Following the completion of the sale, the director directly owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. This represents a 3.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 1,446,890 shares of company stock worth $43,452,298. 8.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

CURB has been the subject of a number of research reports. Jefferies Financial Group initiated coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They issued a "buy" rating and a $36.00 price target for the company. KeyCorp upped their price objective 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. 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 research report on Monday, August 3rd. Wolfe Research downgraded Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. Finally, Weiss Ratings raised Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. Seven equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, Curbline Properties presently has an average rating of "Moderate Buy" and an average price target of $32.22.

Curbline Properties Stock Performance

Shares of CURB stock opened at $28.46 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The firm has a fifty day simple moving average of $29.90 and a two-hundred day simple moving average of $28.90. Curbline Properties Corp. has a 12 month low of $22.08 and a 12 month high of $32.15. The firm has a market capitalization of $3.27 billion, a PE ratio of 105.39 and a beta of 0.49.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.04 by $0.27. The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The business's quarterly revenue was up 52.9% compared to the same quarter last year. During the same period last year, the firm earned $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Analysts forecast that Curbline Properties Corp. will post 1.25 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, September 29th. Curbline Properties's payout ratio is currently 251.85%.

Curbline Properties Profile

Curbline Properties Corporation NYSE: CURB is a self-managed real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio primarily consists of open-air shopping centers designed to serve everyday consumer needs and support services in established communities.

The company's properties are generally occupied by tenants such as grocery stores, restaurants, healthcare providers, fitness operators, personal-service businesses and other necessity- and service-oriented retailers.

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