NFJ Investment Group LLC Takes $2.23 Million Position in Curbline Properties Corp. $CURB

NFJ Investment Group LLC purchased a new stake in shares of Curbline Properties Corp. (NYSE:CURB) in the second quarter, according to its most recent disclosure with the SEC. The firm purchased 73,263 shares of the company’s stock, valued at approximately $2,227,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. OVERSEA CHINESE BANKING Corp Ltd acquired a new position in Curbline Properties in the 2nd quarter worth $4,299,000. BlackRock Inc. purchased a new stake in shares of Curbline Properties during the second quarter worth about $531,338,000. Deutsche Bank AG purchased a new stake in shares of Curbline Properties during the second quarter worth about $62,145,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Curbline Properties in the second quarter worth about $2,550,000. Finally, Diamond Hill Capital Management LLC Investment Advisor acquired a new position in shares of Curbline Properties in the second quarter worth about $5,651,000.

Curbline Properties Price Performance

NYSE CURB opened at $29.47 on Friday. Curbline Properties Corp. has a 12 month low of $21.93 and a 12 month high of $32.15. The firm has a market capitalization of $3.39 billion, a PE ratio of 109.15 and a beta of 0.51. The company’s 50 day simple moving average is $30.49 and its 200 day simple moving average is $28.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63.

Curbline Properties (NYSE:CURB) last released its earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. The firm had revenue of $63.30 million during the quarter, compared to the consensus estimate of $57.25 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The firm’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts forecast that Curbline Properties Corp. will post 1.26 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on CURB. Citigroup upped their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Piper Sandler lifted their target price on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. KeyCorp upped their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $31.11.

Insider Activity at Curbline Properties

In related news, Director Alexander Otto sold 1,206 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $30.10, for a total transaction of $36,300.60. Following the completion of the sale, the director directly owned 7,231,687 shares of the company’s stock, valued at $217,673,778.70. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders have sold 769,478 shares of company stock valued at $23,160,087. 8.70% of the stock is owned by insiders.

Curbline Properties 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.