Deutsche Bank AG acquired a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 2,044,247 shares of the company's stock, valued at approximately $62,145,000. Deutsche Bank AG owned 1.78% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also recently made changes to their positions in CURB. Principal Financial Group Inc. lifted its holdings in Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock worth $133,489,000 after buying an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Curbline Properties by 21.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company's stock worth $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. Bank of New York Mellon Corp acquired a new position in shares of Curbline Properties in the second quarter worth $22,836,000. Balyasny Asset Management L.P. grew its stake in shares of Curbline Properties by 36.4% in the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company's stock worth $49,414,000 after acquiring an additional 577,037 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in shares of Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock worth $61,966,000 after acquiring an additional 562,642 shares during the period.
Curbline Properties Stock Performance
Shares of CURB stock opened at $29.50 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 moving average price of $30.52 and a 200 day moving average price of $28.44. The company has a market cap of $3.39 billion, a P/E ratio of 109.26 and a beta of 0.51. Curbline Properties Corp. has a 12 month low of $21.93 and a 12 month high of $32.15.
Curbline Properties (NYSE:CURB - Get Free Report) last posted its 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. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. During the same quarter in the prior year, the company posted $0.26 earnings per share. Curbline Properties's revenue for the quarter was up 52.9% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Sell-side analysts predict that Curbline Properties Corp. will post 1.26 earnings per share for the current fiscal year.
Insider Activity
In other news, EVP Conor Fennerty sold 55,105 shares of the firm's stock in a transaction dated 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 owned 153,909 shares of the company's stock, valued at approximately $4,675,755.42. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Alexander Otto sold 136,226 shares of the business's stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $30.25, for a total value of $4,120,836.50. Following the sale, the director owned 7,274,993 shares of the company's stock, valued at approximately $220,068,538.25. The trade was a 1.84% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders have sold 769,478 shares of company stock valued at $23,160,087. Insiders own 8.70% of the company's stock.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Citigroup lifted their target price on Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Wolfe Research downgraded Curbline Properties from an "outperform" rating to a "peer perform" rating in a report on Monday, June 15th. Piper Sandler increased their price target on Curbline Properties from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, July 29th. Weiss Ratings upgraded Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley reissued an "equal weight" rating and set a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, Curbline Properties has an average rating of "Moderate Buy" and an average target price of $31.11.
Check Out Our Latest Report on CURB
Curbline Properties 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.
See Also
Want to see what other hedge funds are holding CURB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curbline Properties Corp. (NYSE:CURB - Free Report).
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