Greenland Capital Management LP Takes $2.16 Million Position in Curbline Properties Corp. $CURB

Greenland Capital Management LP bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB) in the 2nd quarter, Holdings Channel.com reports. The firm bought 71,150 shares of the company’s stock, valued at approximately $2,163,000.

A number of other hedge funds have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Curbline Properties in the second quarter worth about $531,338,000. Principal Financial Group Inc. boosted its position in shares of Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Curbline Properties by 21.6% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after purchasing an additional 2,365,894 shares during the last quarter. Deutsche Bank AG acquired a new position in shares of Curbline Properties in the 2nd quarter worth approximately $62,145,000. Finally, Bank of New York Mellon Corp bought a new stake in shares of Curbline Properties in the 2nd quarter worth approximately $22,836,000.

Curbline Properties Price Performance

CURB stock opened at $29.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. Curbline Properties Corp. has a one year low of $21.93 and a one year 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 firm has a 50-day moving average of $30.49 and a two-hundred day moving average of $28.44.

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

Insider Activity at Curbline Properties

In related news, Director Alexander Otto sold 1,206 shares of the company’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $30.10, for a total value of $36,300.60. Following the completion of the sale, the director owned 7,231,687 shares in the company, valued at approximately $217,673,778.70. This represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last three months, insiders have sold 769,478 shares of company stock valued at $23,160,087. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on CURB. KeyCorp increased their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Weiss Ratings upgraded shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Piper Sandler upped their price target on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Finally, JPMorgan Chase & Co. increased their price objective on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Six investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

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.