Element Capital Management LLC Takes $7 Million Position in Curbline Properties Corp. $CURB

Key Points

• Element Capital Management initiated a roughly $7 million position in Curbline Properties during the second quarter, purchasing 230,153 shares and owning approximately 0.20% of the REIT.
• Insiders have been net sellers, disposing of 769,478 shares worth about $23.2 million over the past 90 days, although insiders still retain 8.70% of the company.
• Curbline reported stronger-than-expected quarterly results, with EPS of $0.31 versus a $0.04 consensus and revenue up 52.9% year over year. Analysts maintain a “Moderate Buy” consensus with an average price target of $31.60.

Element Capital Management LLC bought a new position in Curbline Properties Corp. (NYSE:CURB - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 230,153 shares of the company's stock, valued at approximately $6,997,000. Curbline Properties comprises 0.2% of Element Capital Management LLC's holdings, making the stock its 21st biggest holding. Element Capital Management LLC owned approximately 0.20% of Curbline Properties as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CURB. Rockefeller Capital Management L.P. lifted its holdings in Curbline Properties by 125.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company's stock valued at $27,000 after acquiring an additional 654 shares during the period. Parallel Advisors LLC grew its stake in shares of 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 during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of 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 during the period. Federation des caisses Desjardins du Quebec increased its holdings in shares of 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 valued at $189,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Sanctuary Advisors LLC purchased a new position in shares of Curbline Properties during the 1st quarter valued at approximately $224,000.

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction dated 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 sale, the executive vice president owned 153,909 shares in the company, valued at $4,675,755.42. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Alexander Otto sold 136,226 shares of the business's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $30.25, for a total transaction of $4,120,836.50. Following the sale, the director directly owned 7,274,993 shares of the company's stock, valued at $220,068,538.25. This represents a 1.84% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 769,478 shares of company stock worth $23,160,087. Insiders own 8.70% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on CURB shares. Morgan Stanley reissued an "equal weight" rating and set a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. Jefferies Financial Group began coverage on shares of Curbline Properties in a report on Tuesday. They issued a "buy" rating and a $36.00 price objective for the company. Wall Street Zen upgraded shares of Curbline Properties from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 1st. Piper Sandler increased their target price on shares of Curbline Properties from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Finally, 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. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $31.60.

Curbline Properties Stock Up 1.0%

Curbline Properties stock opened at $30.06 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a market capitalization of $3.46 billion, a PE ratio of 111.34 and a beta of 0.51. The business has a 50 day simple moving average of $30.47 and a 200-day simple moving average of $28.55. 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 released its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) 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 analysts' expectations of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm's revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.26 EPS. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. On average, analysts anticipate that Curbline Properties Corp. will post 1.26 EPS for the current fiscal year.

Curbline Properties Company Profile

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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