Legal & General Group Plc bought a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 660,376 shares of the company's stock, valued at approximately $20,075,000. Legal & General Group Plc owned approximately 0.57% of Curbline Properties as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. UBS Group AG lifted its position in Curbline Properties by 175.2% in the fourth quarter. UBS Group AG now owns 425,331 shares of the company's stock valued at $9,872,000 after purchasing an additional 270,800 shares during the period. Charles Schwab Investment Management Inc. increased its position in Curbline Properties by 5.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company's stock worth $35,355,000 after purchasing an additional 74,477 shares during the period. Principal Financial Group Inc. increased its position in Curbline Properties by 426.5% during the 4th quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company's stock worth $57,123,000 after purchasing an additional 1,993,711 shares during the period. Diamond Hill Capital Management Inc. raised its stake 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 worth $4,118,000 after buying an additional 58,138 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Curbline Properties during the 2nd quarter worth approximately $2,550,000.
Insider Activity
In other news, Director Alexander Otto sold 134,868 shares of the stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $30.17, for a total value of $4,068,967.56. Following the sale, the director directly owned 6,922,526 shares in the company, valued at $208,852,609.42. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold a total of 1,078,639 shares of company stock valued at $32,478,760 over the last quarter. 8.70% of the stock is owned by corporate insiders.
Curbline Properties Trading Up 0.6%
NYSE:CURB opened at $30.04 on Friday. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The stock has a fifty day simple moving average of $30.48 and a 200-day simple moving average of $28.62. The company has a market capitalization of $3.46 billion, a PE ratio of 111.26 and a beta of 0.51.
Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.27. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm had revenue of $63.30 million for the quarter, compared to analysts' expectations of $57.25 million. During the same period in the prior year, the company earned $0.26 EPS. The firm's revenue was up 52.9% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities research analysts expect that Curbline Properties Corp. will post 1.25 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on CURB shares. Morgan Stanley reaffirmed an "equal weight" rating and set a $30.00 price objective on shares of Curbline Properties in a report on Thursday, June 18th. Weiss Ratings raised Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Piper Sandler decreased their target price on shares of Curbline Properties from $40.00 to $39.00 and set an "overweight" rating on the stock in a research report on Thursday. Citigroup upped their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a research note on Monday, August 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the company an "overweight" rating in a report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $31.50.
Get Our Latest Research 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.
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