OVERSEA CHINESE BANKING Corp Ltd Buys Shares of 141,403 Curbline Properties Corp. $CURB

Key Points

• OVERSEA CHINESE BANKING Corp Ltd bought 141,403 shares of Curbline Properties in the second quarter, valued at approximately $4.3 million and representing about 0.12% of the company.
• Curbline reported stronger-than-expected quarterly results, with earnings of $0.31 per share versus the $0.04 consensus estimate and revenue of $63.3 million, up 52.9% year over year.
• Analyst sentiment remains positive, with a “Moderate Buy” consensus and an average price target of $31.11, although insiders sold 769,478 shares worth roughly $23.2 million over the past 90 days.

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 141,403 shares of the company's stock, valued at approximately $4,299,000. OVERSEA CHINESE BANKING Corp Ltd owned about 0.12% of Curbline Properties at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in CURB. Rockefeller Capital Management L.P. raised 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 acquiring an additional 654 shares in the last quarter. Parallel Advisors LLC grew its holdings in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company's stock worth $45,000 after acquiring an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company's stock worth $64,000 after acquiring an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec increased its position 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 worth $189,000 after purchasing an additional 1,672 shares during the last quarter. Finally, BNP Paribas Financial Markets increased its position in shares of Curbline Properties by 28.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company's stock worth $215,000 after purchasing an additional 2,091 shares during the last quarter.

Curbline Properties Stock Performance

Shares of NYSE CURB opened at $29.50 on Friday. 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's 50-day moving average price is $30.52 and its two-hundred day moving average price is $28.44. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The stock has a market capitalization of $3.39 billion, a P/E ratio of 109.26 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 EPS for the quarter, beating the consensus estimate of $0.04 by $0.27. The company had revenue of $63.30 million during the quarter, compared to analyst estimates of $57.25 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The business's revenue was up 52.9% compared to the same quarter last year. During the same period in the prior year, the company earned $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts forecast that Curbline Properties Corp. will post 1.26 earnings per share for the current year.

Insider Buying and Selling

In other Curbline Properties news, EVP Conor Fennerty sold 55,105 shares of the firm's stock in a transaction on 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 sale, the executive vice president directly owned 153,909 shares in the company, valued at approximately $4,675,755.42. This trade represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Alexander Otto sold 136,226 shares of the firm's stock in a transaction on Friday, August 14th. The shares were 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 in the company, valued at $220,068,538.25. The trade was a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 769,478 shares of company stock valued at $23,160,087 in the last 90 days. Insiders own 8.70% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently commented on CURB. Morgan Stanley reaffirmed an "equal weight" rating and set a $30.00 price target on shares of Curbline Properties in a research report on Thursday, June 18th. Citigroup boosted their price objective on Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Piper Sandler boosted their price objective on Curbline Properties from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st. Finally, Wolfe Research downgraded Curbline Properties from an "outperform" rating to a "peer perform" rating in a report on Monday, June 15th. Six 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 currently has a consensus rating of "Moderate Buy" and an average target price of $31.11.

About Curbline Properties

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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