Millennium Management LLC Boosts Stake in Curbline Properties Corp. $CURB

Key Points

• Millennium Management LLC has increased its stake in Curbline Properties Corp. by 12.3%, acquiring an additional 184,560 shares, bringing its total ownership to 1,689,481 shares valued at approximately $40.9 million.
• Analysts have a consensus rating of "Hold" for Curbline Properties, with a price target of $25.59, reflecting mixed sentiment among market experts.
• In its latest quarter, Curbline reported $0.26 EPS, exceeding estimates, alongside a revenue increase of 47% compared to the previous year.

Millennium Management LLC raised its holdings in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 12.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,689,481 shares of the company's stock after acquiring an additional 184,560 shares during the quarter. Millennium Management LLC owned approximately 1.61% of Curbline Properties worth $40,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CURB. Nuveen LLC bought a new stake in Curbline Properties during the first quarter valued at about $56,521,000. Nuveen Asset Management LLC bought a new stake in Curbline Properties during the fourth quarter valued at about $35,782,000. T. Rowe Price Investment Management Inc. raised its holdings in Curbline Properties by 28.6% during 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 acquiring an additional 1,474,896 shares during the period. Wellington Management Group LLP raised its holdings in Curbline Properties by 3,409.1% during 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, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in Curbline Properties during the fourth quarter valued at about $11,947,000.

Curbline Properties Price Performance

Shares of NYSE CURB traded down $0.08 during trading hours on Monday, reaching $22.40. The stock had a trading volume of 32,886 shares, compared to its average volume of 596,115. 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 business's fifty day moving average price is $22.55 and its two-hundred day moving average price is $22.94. Curbline Properties Corp. has a 52-week low of $18.80 and a 52-week high of $25.69.

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

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH started coverage on Curbline Properties in a report on Tuesday, September 9th. They set a "neutral" rating and a $25.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $25.59.

Insider Activity

In related news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $22.81, for a total value of $638,680.00. Following the completion of the sale, the executive vice president owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 8.60% of the company's stock.

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.