Fisher Asset Management LLC Reduces Holdings in Curbline Properties Corp. $CURB

Key Points

• Fisher Asset Management cut its stake in Curbline Properties by 8.2% in the fourth quarter, selling 39,763 shares and ending with 446,894 shares valued at about $10.37 million.
• Curbline Properties reported better-than-expected Q1 earnings, posting EPS of $0.28 versus the $0.05 consensus, while revenue rose 51% year over year to $57.99 million.
• The company declared a quarterly dividend of $0.17 per share, and Wall Street currently has a consensus rating of Moderate Buy with an average price target of $29.44.

Fisher Asset Management LLC lessened its position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 8.2% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 446,894 shares of the company's stock after selling 39,763 shares during the period. Fisher Asset Management LLC owned 0.42% of Curbline Properties worth $10,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Legal & General Group Plc lifted its position in shares of Curbline Properties by 10.3% during the 4th quarter. Legal & General Group Plc now owns 729,139 shares of the company's stock valued at $16,923,000 after buying an additional 68,093 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in shares of Curbline Properties by 48.7% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company's stock valued at $4,118,000 after buying an additional 58,138 shares during the last quarter. Handelsbanken Fonder AB lifted its position in shares of Curbline Properties by 15.3% during the 4th quarter. Handelsbanken Fonder AB now owns 29,400 shares of the company's stock valued at $682,000 after buying an additional 3,900 shares during the last quarter. ProShare Advisors LLC lifted its position in shares of Curbline Properties by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company's stock valued at $439,000 after buying an additional 592 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in shares of Curbline Properties by 83.5% during the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company's stock valued at $2,969,000 after buying an additional 58,200 shares during the last quarter.

Curbline Properties Stock Performance

NYSE:CURB opened at $28.98 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. Curbline Properties Corp. has a 52-week low of $21.62 and a 52-week high of $29.05. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 93.49 and a beta of 0.52. The business's fifty day moving average is $27.26 and its 200 day moving average is $25.52.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.05 by $0.23. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The company had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. During the same period in the previous year, the company posted $0.24 EPS. The firm's revenue for the quarter was up 51.0% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts predict that Curbline Properties Corp. will post 1.21 EPS for the current year.

Curbline Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, June 18th. Curbline Properties's payout ratio is presently 219.35%.

Insider Activity

In related news, CEO David R. Lukes sold 83,663 shares of the business's stock in a transaction on Monday, March 16th. The stock was sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the sale, the chief executive officer directly owned 506,597 shares in the company, valued at approximately $13,591,997.51. The trade was a 14.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.70% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CURB. Weiss Ratings cut Curbline Properties from a "buy (b-)" rating to a "hold (c+)" rating in a research report on Friday, May 1st. Wall Street Zen cut Curbline Properties from a "sell" rating to a "strong sell" rating in a research report on Monday, May 4th. Citigroup upped their price target on Curbline Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Truist Financial upped their price target on Curbline Properties from $27.00 to $31.00 and gave the company a "buy" rating in a research report on Thursday, March 5th. Finally, KeyCorp upped their price target on Curbline Properties from $28.00 to $30.00 and gave the company an "overweight" rating in a research report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $29.44.

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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