Jacobs Levy Equity Management Inc. Buys New Position in Curbline Properties Corp. $CURB

Key Points

• Jacobs Levy Equity Management Inc. has acquired 87,374 shares of Curbline Properties Corp. valued at approximately $2.1 million, marking a new stake for the firm in this real estate investment trust.
• Analysts have set a price target of $25.00 for Curbline Properties, with a consensus rating of "Hold" among eight research analysts.
• In its most recent earnings report, Curbline Properties reported a 47% year-over-year revenue increase, reaching $41.1 million for the quarter, with an EPS of $0.26 surpassing analysts' expectations.

Jacobs Levy Equity Management Inc. bought a new position in Curbline Properties Corp. (NYSE:CURB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 87,374 shares of the company's stock, valued at approximately $2,114,000. Jacobs Levy Equity Management Inc. owned approximately 0.08% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in CURB. Nuveen LLC purchased a new stake in shares of Curbline Properties during the first quarter worth about $56,521,000. Nuveen Asset Management LLC purchased a new stake in Curbline Properties in the fourth quarter valued at approximately $35,782,000. T. Rowe Price Investment Management Inc. boosted its position in Curbline Properties by 28.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company's stock valued at $160,241,000 after buying an additional 1,474,896 shares during the last quarter. Wellington Management Group LLP lifted its holdings in Curbline Properties by 3,409.1% in the first quarter. Wellington Management Group LLP now owns 1,432,024 shares of the company's stock valued at $34,641,000 after acquiring an additional 1,391,215 shares during the period. Finally, Millennium Management LLC lifted its holdings in Curbline Properties by 1,130.6% in the fourth quarter. Millennium Management LLC now owns 1,504,921 shares of the company's stock valued at $34,944,000 after acquiring an additional 1,382,630 shares during the period.

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction on Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the transaction, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH assumed coverage on Curbline Properties in a research note on Tuesday, September 9th. They set a "neutral" rating and a $25.00 target price for the company. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Curbline Properties has a consensus rating of "Hold" and an average target price of $25.59.

Curbline Properties Stock Down 1.6%

NYSE:CURB traded down $0.35 during trading hours on Tuesday, hitting $22.10. The company had a trading volume of 425,021 shares, compared to its average volume of 563,561. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05. The company has a 50-day moving average of $22.55 and a 200 day moving average of $22.92. Curbline Properties Corp. has a 1 year low of $18.80 and a 1 year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. The company had revenue of $41.10 million during the quarter, compared to analysts' expectations of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The firm's quarterly revenue was up 47.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current 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.