Curbline Properties (NYSE:CURB) CAO Christina Yarian Sells 5,000 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) CAO Christina Yarian sold 5,000 shares of Curbline Properties stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $29.97, for a total value of $149,850.00. Following the transaction, the chief accounting officer directly owned 18,697 shares in the company, valued at approximately $560,349.09. This trade represents a 21.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Curbline Properties Stock Performance

Shares of CURB traded down $0.19 during mid-day trading on Friday, reaching $29.34. 1,958,086 shares of the company’s stock were exchanged, compared to its average volume of 1,404,664. The business’s fifty day simple moving average is $28.42 and its 200-day simple moving average is $28.30. The stock has a market capitalization of $3.56 billion, a PE ratio of 122.26 and a beta of 0.51. Curbline Properties Corp. has a 52-week low of $22.33 and a 52-week high of $32.15. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.51 and a quick ratio of 0.51.

Curbline Properties (NYSE:CURB) last announced its earnings results on Thursday, October 22nd. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). Curbline Properties had a net margin of 11.13% and a return on equity of 1.34%. The business had revenue of $71.10 million during the quarter, compared to analysts’ expectations of $66.53 million. During the same period in the previous year, the company posted $0.09 earnings per share. Curbline Properties’s quarterly revenue was up 46.3% on a year-over-year basis. On average, equities research analysts expect that Curbline Properties Corp. will post 1.26 earnings per share for the current year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Tuesday, September 29th were paid a $0.17 dividend. This represents a $0.68 annualized dividend and a dividend yield of 2.3%. The ex-dividend date was Tuesday, September 29th. Curbline Properties’s dividend payout ratio (DPR) is 283.33%.

Institutional Trading of Curbline Properties

A number of large investors have recently made changes to their positions in CURB. BlackRock Inc. purchased a new stake in shares of Curbline Properties during the second quarter worth about $531,338,000. Principal Financial Group Inc. boosted its holdings in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after purchasing an additional 2,714,859 shares during the last quarter. Deutsche Bank AG purchased a new stake in shares of Curbline Properties in the second quarter valued at $62,145,000. Aew Capital Management Inc. acquired a new position in Curbline Properties in the third quarter valued at $52,338,000. Finally, Jupiter Topco LLC purchased a new position in Curbline Properties during the second quarter worth about $46,975,000.

Analyst Ratings Changes

Several research firms have recently commented on CURB. Jefferies Financial Group began coverage on Curbline Properties in a research note on Tuesday, August 25th. They set a “buy” rating and a $36.00 price target for the company. Weiss Ratings lowered shares of Curbline Properties from a “buy (b-)” rating to a “hold (c)” rating in a research report on Friday, October 23rd. Wall Street Zen cut shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Saturday, October 24th. Truist Financial upped their price objective on shares of Curbline Properties from $33.00 to $34.00 and gave the stock a “buy” rating in a research report on Monday, November 2nd. Finally, Citigroup raised their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $32.44.

About Curbline Properties

Curbline Properties Corp. is a real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio is designed to serve everyday consumer needs and generally includes open-air shopping centers, neighborhood retail centers and other properties occupied by service providers, grocery-related businesses and other necessity-based tenants.

The company primarily targets well-located properties in suburban communities across the United States. Curbline emphasizes assets in high-traffic areas that are convenient for nearby residents and supported by recurring local demand.