Curbline Properties (NYSE:CURB) CAO Sells $149,850.00 in Stock

Key Points

• Chief Accounting Officer Christina Yarian sold 5,000 shares for $149,850, reducing her direct ownership by 21.1% to 18,697 shares.
• Curbline’s latest quarter showed revenue up 46.3% year over year to $71.1 million, beating estimates, while earnings per share of $0.06 missed the $0.07 consensus.
• Analysts give the stock a “Moderate Buy” consensus, with an average price target of $32.44; shares were trading at $29.34 in Friday’s session.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) CAO Christina Yarian sold 5,000 shares of the business's stock in a transaction dated Wednesday, November 4th. The shares were sold at an average price of $29.97, for a total value of $149,850.00. Following the completion of the sale, the chief accounting officer directly owned 18,697 shares of the company's stock, valued at $560,349.09. The trade was a 21.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curbline Properties Stock Down 0.6%

CURB traded down $0.19 during trading on Friday, hitting $29.34. 1,958,086 shares of the company's stock were exchanged, compared to its average volume of 1,133,413. Curbline Properties Corp. has a fifty-two week low of $22.33 and a fifty-two week high of $32.15. The stock has a market cap of $3.56 billion, a P/E ratio of 122.26 and a beta of 0.51. The business's 50 day moving average is $28.43 and its two-hundred day moving average is $28.27. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.15.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Thursday, October 22nd. The company reported $0.06 earnings per share for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). Curbline Properties had a net margin of 11.13% and a return on equity of 1.34%. The firm had revenue of $71.10 million for the quarter, compared to the consensus estimate of $66.53 million. During the same period in the previous year, the business earned $0.09 earnings per share. The firm's revenue for the quarter was up 46.3% on a year-over-year basis. As a group, equities analysts expect that Curbline Properties Corp. will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date was Tuesday, September 29th. Curbline Properties's dividend payout ratio is presently 283.33%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on CURB shares. Jefferies Financial Group started coverage on Curbline Properties in a report on Tuesday, August 25th. They set a "buy" rating and a $36.00 price target on the stock. Truist Financial lifted their price objective on Curbline Properties from $33.00 to $34.00 and gave the stock a "buy" rating in a research report on Monday. Piper Sandler reduced their target price on Curbline Properties from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, October 12th. Citigroup boosted their target price on Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Monday, August 3rd. Finally, KeyCorp upped their target price on Curbline Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $32.44.

Institutional Investors Weigh In On Curbline Properties

A number of institutional investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Curbline Properties by 125.3% in the 4th 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 during the last quarter. Nykredit A S acquired a new stake in shares of Curbline Properties in the second quarter worth $55,000. Sanctuary Advisors LLC purchased a new position in shares of Curbline Properties during the first quarter worth $224,000. Arrowstreet Capital Limited Partnership purchased a new position in shares of Curbline Properties during the first quarter worth $243,000. Finally, ZWJ Investment Counsel Inc. lifted its position in Curbline Properties by 25.7% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,750 shares of the company's stock valued at $244,000 after purchasing an additional 1,787 shares during the period.

About Curbline Properties

Curbline Properties Corp. is a real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio is designed to serve everyday consumer needs and generally includes open-air shopping centers, neighborhood retail centers and other properties occupied by service providers, grocery-related businesses and other necessity-based tenants.

The company primarily targets well-located properties in suburban communities across the United States. Curbline emphasizes assets in high-traffic areas that are convenient for nearby residents and supported by recurring local demand.

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