Insider Selling: Curbline Properties (NYSE:CURB) CEO Sells 83,663 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) CEO David Lukes sold 83,663 shares of the business’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $26.83, for a total value of $2,244,678.29. Following the completion of the transaction, the chief executive officer owned 506,597 shares in the company, valued at $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Curbline Properties Price Performance

Shares of NYSE:CURB traded up $0.08 during trading on Tuesday, hitting $26.79. 660,984 shares of the company’s stock were exchanged, compared to its average volume of 898,179. The business’s 50-day simple moving average is $25.71 and its 200 day simple moving average is $24.03. The company has a market cap of $2.82 billion, a price-to-earnings ratio of 24.96 and a beta of 0.27. Curbline Properties Corp. has a 52-week low of $20.91 and a 52-week high of $28.65. The company has a debt-to-equity ratio of 0.09, a current ratio of 1.14 and a quick ratio of 1.14.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Monday, February 9th. The company reported $0.09 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 during the quarter, compared to analysts’ expectations of $52.15 million. During the same period in the prior year, the firm posted $0.11 earnings per share. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. As a group, equities analysts predict that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Investors of record on Wednesday, March 18th will be given a dividend of $0.17 per share. This is a positive change from Curbline Properties’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, March 18th. Curbline Properties’s dividend payout ratio (DPR) is currently 168.42%.

Hedge Funds Weigh In On Curbline Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the business. 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 buying an additional 2,365,894 shares in the last quarter. State Street Corp lifted its holdings in shares of Curbline Properties by 1.9% in the 2nd quarter. State Street Corp now owns 5,515,437 shares of the company’s stock valued at $126,772,000 after acquiring an additional 101,813 shares during the last quarter. Daiwa Securities Group Inc. grew its position in Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock worth $61,966,000 after acquiring an additional 562,642 shares in 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 worth $58,426,000 after acquiring an additional 22,731 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in Curbline Properties by 426.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock valued at $57,123,000 after purchasing an additional 1,993,711 shares during the period.

Analyst Ratings Changes

Several brokerages have commented on CURB. KeyCorp boosted their price target on shares of Curbline Properties from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 10th. Weiss Ratings cut Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. Morgan Stanley boosted their target price on Curbline Properties from $27.00 to $29.00 and gave the stock an “overweight” rating in a research report on Monday, January 5th. Truist Financial increased their price target on Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Finally, Piper Sandler raised their price target on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Tuesday, February 17th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Curbline Properties currently has an average rating of “Moderate Buy” and a consensus target price of $28.13.

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.