Squarepoint Ops LLC Buys 144,689 Shares of Curbline Properties Corp. $CURB

Squarepoint Ops LLC raised its stake in Curbline Properties Corp. (NYSE:CURB) by 422.2% during the second quarter, HoldingsChannel reports. The institutional investor owned 178,956 shares of the company’s stock after acquiring an additional 144,689 shares during the period. Squarepoint Ops LLC’s holdings in Curbline Properties were worth $5,440,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. UBS Group AG increased its position in Curbline Properties by 175.2% during the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after purchasing an additional 270,800 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Curbline Properties by 5.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company’s stock worth $35,355,000 after purchasing an additional 74,477 shares during the period. Diamond Hill Capital Management Inc. lifted its position in shares of Curbline Properties by 48.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after purchasing an additional 58,138 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Curbline Properties in the 2nd quarter valued at $2,550,000. Finally, Paralel Advisors LLC bought a new stake in shares of Curbline Properties in the 2nd quarter valued at $1,824,000.

Curbline Properties Stock Performance

NYSE:CURB opened at $29.33 on Friday. The company has a fifty day moving average of $30.22 and a 200-day moving average of $28.85. The firm has a market capitalization of $3.37 billion, a P/E ratio of 108.63 and a beta of 0.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. Curbline Properties Corp. has a twelve month low of $21.93 and a twelve month high of $32.15.

Curbline Properties (NYSE:CURB) last issued its earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (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%. Curbline Properties’s revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the firm earned $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, sell-side analysts anticipate that Curbline Properties Corp. will post 1.25 EPS for the current year.

Insider Activity

In other news, Director Alexander Otto sold 221,812 shares of the company’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $29.68, for a total transaction of $6,583,380.16. Following the transaction, the director owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. This represents a 3.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Conor Fennerty sold 55,105 shares of the stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $30.38, for a total transaction of $1,674,089.90. Following the transaction, the executive vice president directly owned 153,909 shares in the company, valued at $4,675,755.42. This trade represents a 26.36% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 1,443,707 shares of company stock worth $43,358,360 in the last quarter. Company insiders own 8.70% of the company’s stock.

Analyst Ratings Changes

CURB has been the subject of a number of analyst reports. Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Citigroup upped their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. Finally, Piper Sandler dropped their price objective 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. Seven analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, Curbline Properties has a consensus rating of “Moderate Buy” and a consensus target price of $32.22.

Curbline Properties Profile

Curbline Properties Corporation (NYSE: CURB) is a self-managed real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio primarily consists of open-air shopping centers designed to serve everyday consumer needs and support services in established communities.

The company’s properties are generally occupied by tenants such as grocery stores, restaurants, healthcare providers, fitness operators, personal-service businesses and other necessity- and service-oriented retailers.