Lasalle Investment Management Securities LLC Has $5.68 Million Position in Curbline Properties Corp. $CURB

Lasalle Investment Management Securities LLC cut its holdings in Curbline Properties Corp. (NYSE:CURBFree Report) by 72.0% during the first quarter, HoldingsChannel reports. The firm owned 220,275 shares of the company’s stock after selling 566,348 shares during the period. Lasalle Investment Management Securities LLC’s holdings in Curbline Properties were worth $5,681,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the business. First Citizens Bank & Trust Co. grew its holdings in Curbline Properties by 20.0% in the 1st quarter. First Citizens Bank & Trust Co. now owns 20,238 shares of the company’s stock valued at $522,000 after buying an additional 3,372 shares during the last quarter. First Trust Advisors LP lifted its holdings in shares of Curbline Properties by 410.6% during the first quarter. First Trust Advisors LP now owns 308,144 shares of the company’s stock worth $7,947,000 after buying an additional 247,797 shares during the last quarter. Westpac Banking Corp boosted its position in shares of Curbline Properties by 111.1% in the first quarter. Westpac Banking Corp now owns 116,447 shares of the company’s stock valued at $3,003,000 after acquiring an additional 61,282 shares during the period. Dimensional Fund Advisors LP grew its stake in shares of Curbline Properties by 3.9% in the first quarter. Dimensional Fund Advisors LP now owns 1,443,492 shares of the company’s stock worth $37,227,000 after acquiring an additional 54,661 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new position in Curbline Properties during the first quarter worth $224,000.

Curbline Properties Price Performance

NYSE:CURB opened at $30.84 on Thursday. 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 company has a 50-day moving average of $29.87 and a 200-day moving average of $27.48. Curbline Properties Corp. has a 52 week low of $21.62 and a 52 week high of $31.90. The company has a market capitalization of $3.52 billion, a price-to-earnings ratio of 99.47 and a beta of 0.51.

Curbline Properties (NYSE:CURBGet Free Report) last posted its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The business had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $53.34 million. During the same quarter in the previous year, the firm posted $0.24 earnings per share. The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. As a group, equities research analysts anticipate that Curbline Properties Corp. will post 1.22 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 18th. Curbline Properties’s payout ratio is presently 219.35%.

Analysts Set New Price Targets

A number of brokerages have weighed in on CURB. JPMorgan Chase & Co. increased their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Piper Sandler upped their price target on Curbline Properties from $32.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday. Citigroup raised their price objective on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, KeyCorp lifted their price objective on Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Curbline Properties has a consensus rating of “Moderate Buy” and a consensus target price of $30.44.

Check Out Our Latest Research Report on CURB

Curbline Properties Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Curbline Properties (NYSE:CURB)

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