NFJ Investment Group LLC Purchases Shares of 73,263 Curbline Properties Corp. $CURB

Key Points

• NFJ Investment Group acquired 73,263 shares of Curbline Properties in the second quarter, worth approximately $2.23 million and representing about 0.06% of the company.
• Analyst sentiment is generally positive: six analysts rate the stock Buy and three rate it Hold, producing a “Moderate Buy” consensus and an average price target of $31.11.
• Curbline exceeded quarterly expectations, reporting $0.31 in earnings per share versus a $0.04 estimate and revenue of $63.3 million, up 52.9% year over year. However, insiders sold roughly $23.2 million of shares over the past three months.

NFJ Investment Group LLC acquired a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 73,263 shares of the company's stock, valued at approximately $2,227,000. NFJ Investment Group LLC owned about 0.06% of Curbline Properties at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Rockefeller Capital Management L.P. grew 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 purchasing an additional 654 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company's stock valued at $45,000 after purchasing an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Curbline Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company's stock valued at $64,000 after purchasing an additional 694 shares during the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Curbline Properties by 25.9% in 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 during the last quarter. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Curbline Properties during the 1st quarter valued at $224,000.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. JPMorgan Chase & Co. upped their price objective on Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Weiss Ratings raised Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday, August 12th. Wolfe Research lowered Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. Citigroup raised their price objective on Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Monday, August 3rd. Finally, Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $31.11.

Curbline Properties Price Performance

Curbline Properties stock opened at $29.47 on Friday. The firm has a fifty day moving average of $30.49 and a 200-day moving average of $28.44. 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 firm has a market capitalization of $3.39 billion, a P/E ratio of 109.15 and a beta of 0.51.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.27. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The business had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. During the same quarter in the previous year, the business posted $0.26 EPS. The business's quarterly 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. As a group, analysts predict that Curbline Properties Corp. will post 1.26 EPS for the current year.

Insider Activity

In other news, Director Alexander Otto sold 136,226 shares of the company's stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $30.25, for a total value of $4,120,836.50. Following the completion of the sale, the director owned 7,274,993 shares of the company's stock, valued at $220,068,538.25. This represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Conor Fennerty sold 55,105 shares of the company's stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the sale, the executive vice president directly owned 153,909 shares of the company's stock, valued at $4,675,755.42. The trade was a 26.36% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 769,478 shares of company stock worth $23,160,087 over the last three months. 8.70% of the stock is currently owned by corporate insiders.

Curbline Properties 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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