Insider Selling: Curbline Properties (NYSE:CURB) CEO Sells 39,749 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) CEO David Lukes sold 39,749 shares of Curbline Properties stock in a transaction on Friday, March 13th. The stock was sold at an average price of $26.80, for a total transaction of $1,065,273.20. Following the sale, the chief executive officer directly owned 590,260 shares in the company, valued at $15,818,968. This trade represents a 6.31% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Curbline Properties Stock Up 0.3%

NYSE:CURB traded up $0.08 on Tuesday, reaching $26.79. The stock had a trading volume of 660,984 shares, compared to its average volume of 898,179. The company has a 50-day moving average of $25.71 and a 200 day moving average of $24.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09. The stock has a market cap of $2.82 billion, a P/E ratio of 70.51 and a beta of 0.27. Curbline Properties Corp. has a 12-month low of $20.91 and a 12-month high of $28.65.

Curbline Properties (NYSE:CURB) last announced its earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Curbline Properties had a return on equity of 2.10% and a net margin of 21.78%.The business had revenue of $54.15 million for the quarter, compared to analysts’ expectations of $52.15 million. During the same period in the previous year, the firm posted $0.11 earnings per share. The firm’s revenue was up 55.2% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. On average, research analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Shareholders of record on Wednesday, March 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Wednesday, March 18th. This represents a $0.68 annualized dividend and a yield of 2.5%. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. Curbline Properties’s dividend payout ratio (DPR) is presently 168.42%.

Analyst Ratings Changes

CURB has been the subject of several research analyst reports. Piper Sandler increased their target price on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Tuesday, February 17th. Truist Financial upped their price target on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a report on Thursday, March 5th. Morgan Stanley increased their price objective on shares of Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a research note on Monday, January 5th. Citigroup raised shares of Curbline Properties from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $25.00 to $27.00 in a report on Wednesday, November 19th. Finally, Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price on the stock in a research note on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.13.

Institutional Investors Weigh In On Curbline Properties

Several institutional investors and hedge funds have recently made changes to their positions in the company. T. Rowe Price Investment Management Inc. raised its position in shares of Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock valued at $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. State Street Corp boosted its holdings in Curbline Properties by 1.9% in the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares during the period. Daiwa Securities Group Inc. increased its stake in Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after purchasing an additional 562,642 shares during the last quarter. Geode Capital Management LLC increased its stake in Curbline Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company’s stock valued at $58,426,000 after purchasing an additional 22,731 shares during the last quarter. Finally, Principal Financial Group Inc. raised its holdings in shares of Curbline Properties by 426.5% during the fourth 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 during the period.

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.