LADENBURG THALM/SH SH Initiates Coverage on Curbline Properties (NYSE:CURB)

Key Points

• LADENBURG THALM/SH SH has initiated coverage on Curbline Properties (NYSE:CURB), setting a "neutral" rating and a price target of $25.00, suggesting a potential upside of 10.83% from the previous close.
• Curbline Properties reported a quarterly earnings per share (EPS) of $0.26, exceeding analysts' estimates of $0.24, with revenue for the quarter reaching $41.10 million, a 47.0% increase year-over-year.
• Recent insider trading includes EVP Conor Fennerty selling 28,000 shares for a total of $638,680, indicating a 13.69% decrease in their position during the transaction.

Investment analysts at LADENBURG THALM/SH SH began coverage on shares of Curbline Properties (NYSE:CURB - Get Free Report) in a note issued to investors on Tuesday, Marketbeat reports. The brokerage set a "neutral" rating and a $25.00 price target on the stock. LADENBURG THALM/SH SH's target price suggests a potential upside of 11.14% from the company's previous close.

Curbline Properties Stock Down 1.6%

CURB stock traded down $0.37 during trading on Tuesday, reaching $22.50. 451,495 shares of the stock traded hands, compared to its average volume of 569,133. The business's 50 day moving average price is $22.55 and its 200-day moving average price is $22.96. Curbline Properties has a 52-week low of $18.80 and a 52-week high of $25.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40.

Curbline Properties (NYSE:CURB - Get Free Report) last posted 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. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. During the same quarter in the previous year, the business earned $0.19 earnings per share. The firm's quarterly revenue was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, equities research analysts anticipate that Curbline Properties will post 1 earnings per share for the current fiscal year.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the sale, the executive vice president owned 176,560 shares of the company's stock, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 8.60% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. TCW Group Inc. lifted its stake in shares of Curbline Properties by 5.4% during the first quarter. TCW Group Inc. now owns 127,199 shares of the company's stock worth $3,077,000 after purchasing an additional 6,499 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Curbline Properties by 4,522.6% in the first quarter. GAMMA Investing LLC now owns 58,661 shares of the company's stock worth $1,419,000 after acquiring an additional 57,392 shares in the last quarter. Diamond Hill Capital Management Inc. increased its holdings in Curbline Properties by 85.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 152,242 shares of the company's stock valued at $3,683,000 after buying an additional 70,276 shares during the last quarter. Deutsche Bank AG increased its holdings in Curbline Properties by 508.6% in the fourth quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock valued at $2,702,000 after buying an additional 97,259 shares during the last quarter. Finally, Ameriprise Financial Inc. bought a new position in shares of Curbline Properties during the fourth quarter valued at approximately $5,104,000.

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.