Wellington Management Group LLP Grows Position in Curbline Properties Corp. $CURB

Wellington Management Group LLP raised its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 138.3% during the 2nd quarter, Holdings Channel.com reports. The fund owned 1,987,340 shares of the company’s stock after acquiring an additional 1,153,326 shares during the period. Wellington Management Group LLP’s holdings in Curbline Properties were worth $60,415,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of CURB. Public Employees Retirement System of Ohio bought a new stake in shares of Curbline Properties in the 2nd quarter worth $5,769,000. Bamco Inc. NY purchased a new stake in shares of Curbline Properties in the second quarter valued at about $5,765,000. Bank of America Corp DE bought a new position in shares of Curbline Properties during the second quarter valued at about $17,946,000. Man Group plc bought a new position in shares of Curbline Properties during the second quarter valued at about $1,253,000. Finally, Jupiter Topco LLC purchased a new position in Curbline Properties during the second quarter worth about $46,975,000.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Citigroup upped their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Piper Sandler cut their target price on Curbline Properties from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday, August 27th. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Jefferies Financial Group assumed coverage on Curbline Properties in a research report on Tuesday, August 25th. They set a “buy” rating and a $36.00 price target for the company. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.50.

Curbline Properties Price Performance

CURB opened at $29.51 on Thursday. The firm has a market cap of $3.40 billion, a P/E ratio of 109.30 and a beta of 0.49. The firm has a 50-day moving average of $30.40 and a 200 day moving average of $28.73. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. Curbline Properties Corp. has a fifty-two week low of $21.93 and a fifty-two week high of $32.15.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.04 by $0.27. The business had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The company’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. On average, research analysts expect that Curbline Properties Corp. will post 1.25 EPS for the current year.

Insider Activity

In related news, Director Alexander Otto sold 134,868 shares of Curbline Properties stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $30.17, for a total value of $4,068,967.56. Following the sale, the director owned 6,922,526 shares of the company’s stock, valued at approximately $208,852,609.42. The trade was a 1.91% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last ninety days, insiders have sold 1,078,639 shares of company stock worth $32,478,760. Company insiders own 8.70% of the company’s stock.

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.