Sanctuary Advisors LLC Invests $575,000 in Curbline Properties Corp. $CURB

Sanctuary Advisors LLC acquired a new stake in shares of Curbline Properties Corp. (NYSE:CURB) during the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 18,910 shares of the company’s stock, valued at approximately $575,000.

Other hedge funds also recently bought and sold shares of the company. Greenland Capital Management LP purchased a new stake in Curbline Properties in the second quarter worth approximately $2,163,000. Quantbot Technologies LP bought a new stake in shares of Curbline Properties in the 2nd quarter worth approximately $2,350,000. Westpac Banking Corp purchased a new stake in shares of Curbline Properties in the 2nd quarter valued at $3,540,000. Paralel Advisors LLC purchased a new position in Curbline Properties in the 2nd quarter worth $1,824,000. Finally, NFJ Investment Group LLC bought a new stake in Curbline Properties in the second quarter worth $2,227,000.

Wall Street Analyst Weigh In

CURB has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Citigroup increased their target price on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Weiss Ratings upgraded Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. JPMorgan Chase & Co. raised their price target on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $31.50.

Insider Buying and Selling

In other news, Director Alexander Otto sold 174,293 shares of Curbline Properties stock in a transaction that occurred on Tuesday, August 25th. The stock was sold at an average price of $30.12, for a total value of $5,249,705.16. Following the sale, the director directly owned 7,057,394 shares in the company, valued at approximately $212,568,707.28. This trade represents a 2.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Conor Fennerty sold 55,105 shares of the business’s stock in a transaction that occurred on Thursday, July 30th. The shares were sold at an average price of $30.38, for a total value 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 1,078,639 shares of company stock valued at $32,478,760 in the last ninety days. 8.70% of the stock is currently owned by corporate insiders.

Curbline Properties Price Performance

CURB stock opened at $30.04 on Friday. The firm’s 50-day moving average price is $30.48 and its two-hundred day moving average price is $28.62. Curbline Properties Corp. has a 12-month low of $21.93 and a 12-month high of $32.15. The stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 111.26 and a beta of 0.51. 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 (NYSE:CURB) last posted 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 company had revenue of $63.30 million during 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 for the quarter was up 52.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities analysts predict that Curbline Properties Corp. will post 1.25 earnings per share for the current year.

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.