Insider Selling: Curbline Properties (NYSE:CURB) CEO Sells 39,749 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) CEO David Lukes sold 39,749 shares of the firm’s stock in a transaction dated Friday, March 13th. The stock was sold at an average price of $26.80, for a total value of $1,065,273.20. Following the completion of the sale, the chief executive officer directly owned 590,260 shares in the company, valued at approximately $15,818,968. The trade was a 6.31% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Curbline Properties Trading Up 0.3%

Shares of NYSE CURB traded up $0.08 on Tuesday, reaching $26.79. 660,984 shares of the company traded hands, compared to its average volume of 898,179. Curbline Properties Corp. has a fifty-two week low of $20.91 and a fifty-two week high of $28.65. The company has a 50 day moving average of $25.71 and a 200 day moving average of $24.03. The company has a current ratio of 1.14, a quick ratio of 1.14 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $2.82 billion, a PE ratio of 70.51 and a beta of 0.27.

Curbline Properties (NYSE:CURB) last released its earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.27 by ($0.18). Curbline Properties had a return on equity of 2.10% and a net margin of 21.78%.The company had revenue of $54.15 million during the quarter, compared to analyst estimates of $52.15 million. During the same period in the prior year, the business posted $0.11 earnings per share. Curbline Properties’s revenue was up 55.2% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. On average, equities research analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.68 annualized dividend and a dividend yield of 2.5%. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. Curbline Properties’s dividend payout ratio is presently 168.42%.

Institutional Investors Weigh In On Curbline Properties

Several institutional investors and hedge funds have recently modified their holdings of CURB. Rockefeller Capital Management L.P. raised its holdings in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 654 shares during the period. Parallel Advisors LLC boosted its holdings in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after acquiring an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of Curbline Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after purchasing an additional 694 shares during the period. Federation des caisses Desjardins du Quebec raised its stake in shares of Curbline Properties by 25.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after purchasing an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets lifted its position in shares of Curbline Properties by 28.5% during the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after purchasing an additional 2,091 shares in the last quarter.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on CURB. UBS Group set a $27.00 target price on Curbline Properties in a research report on Thursday, December 4th. Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, March 10th. KeyCorp raised their price objective on Curbline Properties from $27.00 to $28.00 and gave the stock an “overweight” rating in a report on Tuesday, February 10th. Truist Financial lifted their price objective 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, Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price for the company in a research report on Monday, January 12th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target 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.