Man Group plc bought a new stake in Curbline Properties Corp. (NYSE:CURB – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 41,223 shares of the company’s stock, valued at approximately $1,253,000.
A number of other hedge funds have also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. grew its position in Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 654 shares during the period. Parallel Advisors LLC raised its position in shares of Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after acquiring an additional 1,626 shares during the period. Federation des caisses Desjardins du Quebec boosted its stake in shares of Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after acquiring an additional 1,672 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after acquiring an additional 2,091 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in shares of Curbline Properties by 120.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after acquiring an additional 5,268 shares during the period.
Insider Buying and Selling
In other Curbline Properties news, Director Alexander Otto sold 134,868 shares of the stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $30.17, for a total transaction of $4,068,967.56. Following the completion of the transaction, the director owned 6,922,526 shares of the company’s stock, valued at $208,852,609.42. This represents a 1.91% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last ninety days, insiders sold 1,078,639 shares of company stock worth $32,478,760. 8.70% of the stock is currently owned by insiders.
Curbline Properties Stock Down 0.3%
Curbline Properties (NYSE:CURB – Get Free Report) last issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.27. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. During the same period last year, the company posted $0.26 EPS. Curbline Properties’s quarterly revenue was up 52.9% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Equities analysts forecast that Curbline Properties Corp. will post 1.25 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently weighed in on CURB shares. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Citigroup boosted their price objective on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Piper Sandler reduced their target price on Curbline Properties from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Finally, Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $31.50.
Read Our Latest Report on CURB
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.
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