Curbline Properties Corp. (NYSE:CURB – Get Free Report) CAO Christina Yarian sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 4th. The shares were sold at an average price of $29.97, for a total transaction of $149,850.00. Following the sale, the chief accounting officer directly owned 18,697 shares of the company’s stock, valued at $560,349.09. This trade represents a 21.10% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Curbline Properties Price Performance
Shares of NYSE CURB opened at $29.34 on Friday. The firm has a market cap of $3.56 billion, a P/E ratio of 122.26 and a beta of 0.51. Curbline Properties Corp. has a twelve month low of $22.33 and a twelve month high of $32.15. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.15. The company has a 50 day moving average of $28.42 and a 200 day moving average of $28.30.
Curbline Properties (NYSE:CURB – Get Free Report) last issued its earnings results on Thursday, October 22nd. The company reported $0.06 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.01). The business had revenue of $71.10 million for the quarter, compared to analysts’ expectations of $66.53 million. Curbline Properties had a net margin of 11.13% and a return on equity of 1.34%. The business’s revenue for the quarter was up 46.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.09 earnings per share. As a group, research analysts expect that Curbline Properties Corp. will post 1.26 EPS for the current fiscal year.
Curbline Properties Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Tuesday, September 29th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date of this dividend was Tuesday, September 29th. Curbline Properties’s dividend payout ratio is presently 283.33%.
Institutional Investors Weigh In On Curbline Properties
A number of large investors have recently added to or reduced their stakes in CURB. Nissay Asset Management Corp Japan increased its holdings in Curbline Properties by 2.9% in the 2nd quarter. Nissay Asset Management Corp Japan now owns 15,466 shares of the company’s stock worth $470,000 after acquiring an additional 433 shares in the last quarter. Rockefeller Capital Management L.P. raised its stake in Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 654 shares during the period. ProShare Advisors LLC raised its stake in Curbline Properties by 4.8% during the 3rd quarter. ProShare Advisors LLC now owns 14,779 shares of the company’s stock worth $411,000 after acquiring an additional 676 shares during the period. Amundi lifted its holdings in Curbline Properties by 2.1% during the second quarter. Amundi now owns 53,080 shares of the company’s stock valued at $1,614,000 after purchasing an additional 1,113 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund lifted its holdings in Curbline Properties by 7.7% during the third quarter. Oregon Public Employees Retirement Fund now owns 23,774 shares of the company’s stock valued at $662,000 after purchasing an additional 1,700 shares in the last quarter.
Analysts Set New Price Targets
Several equities research analysts recently commented on the company. Piper Sandler dropped their price objective on Curbline Properties from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, October 12th. Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. KeyCorp upped their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Jefferies Financial Group started coverage on shares of Curbline Properties in a research note on Tuesday, August 25th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Citigroup raised their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.44.
View Our Latest Analysis on Curbline Properties
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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