Cohen & Steers Inc. lowered its stake in Curbline Properties Corp. (NYSE:CURB – Free Report) by 3.4% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 2,369,354 shares of the company’s stock after selling 83,099 shares during the period. Cohen & Steers Inc.’s holdings in Curbline Properties were worth $54,993,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. UBS Group AG raised its holdings in shares of Curbline Properties by 175.2% in the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock worth $9,872,000 after purchasing an additional 270,800 shares in the last quarter. Diamond Hill Capital Management Inc. raised its holdings in shares of Curbline Properties by 48.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after purchasing an additional 58,138 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of Curbline Properties by 426.5% in the 4th quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock worth $57,123,000 after purchasing an additional 1,993,711 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Curbline Properties by 2,226.3% in the 4th quarter. SG Americas Securities LLC now owns 454,044 shares of the company’s stock worth $10,538,000 after purchasing an additional 434,526 shares in the last quarter. Finally, Public Sector Pension Investment Board raised its holdings in shares of Curbline Properties by 17.0% in the 3rd quarter. Public Sector Pension Investment Board now owns 377,582 shares of the company’s stock worth $8,420,000 after purchasing an additional 54,768 shares in the last quarter.
Wall Street Analyst Weigh In
A number of analysts recently commented on the stock. Piper Sandler boosted their target price on shares of Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Tuesday, February 17th. Truist Financial boosted their target price on shares of Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, March 5th. Citigroup boosted their target price on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. KeyCorp boosted their price target on shares of Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, April 29th. Finally, Wall Street Zen lowered shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Seven analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Curbline Properties has a consensus rating of “Moderate Buy” and a consensus price target of $29.44.
Insider Activity
In related news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the completion of the sale, the chief executive officer directly owned 506,597 shares of the company’s stock, valued at approximately $13,591,997.51. This represents a 14.17% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.70% of the company’s stock.
Curbline Properties Stock Up 3.6%
Curbline Properties stock opened at $30.94 on Friday. The firm has a market cap of $3.27 billion, a PE ratio of 99.80 and a beta of 0.55. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. The firm’s 50 day moving average price is $28.11 and its two-hundred day moving average price is $26.02. Curbline Properties Corp. has a twelve month low of $21.62 and a twelve month high of $30.99.
Curbline Properties (NYSE:CURB – Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating the consensus estimate of $0.05 by $0.23. The firm had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.24 EPS. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, research analysts predict that Curbline Properties Corp. will post 1.22 EPS for the current fiscal year.
Curbline Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, June 18th. Curbline Properties’s dividend payout ratio is currently 219.35%.
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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