Greenland Capital Management LP Acquires New Position in Curbline Properties Corp. $CURB

Greenland Capital Management LP bought a new stake in Curbline Properties Corp. (NYSE:CURB) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 71,150 shares of the company’s stock, valued at approximately $2,163,000. Greenland Capital Management LP owned 0.06% of Curbline Properties as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Curbline Properties in the 2nd quarter worth approximately $531,338,000. T. Rowe Price Investment Management Inc. boosted its position in 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 purchasing an additional 2,365,894 shares during the period. State Street Corp grew its stake in Curbline Properties by 1.9% during the 2nd quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after buying an additional 101,813 shares during the last quarter. Principal Financial Group Inc. grew its stake in Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after buying an additional 2,714,859 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Curbline Properties by 25.4% during the 3rd quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock worth $61,966,000 after buying an additional 562,642 shares during the last quarter.

Wall Street Analyst Weigh In

A number of research firms have issued reports on CURB. Piper Sandler raised their target price on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Citigroup increased their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. JPMorgan Chase & Co. lifted their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, KeyCorp lifted their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $31.11.

Curbline Properties Stock Performance

Shares of CURB stock opened at $29.47 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. Curbline Properties Corp. has a 1 year low of $21.93 and a 1 year high of $32.15. The stock has a fifty day moving average of $30.49 and a two-hundred day moving average of $28.44. The firm has a market capitalization of $3.39 billion, a PE ratio of 109.15 and a beta of 0.51.

Curbline Properties (NYSE:CURB) last released its quarterly 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 company had revenue of $63.30 million during the quarter, compared to analysts’ expectations of $57.25 million. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The company’s revenue for the quarter was up 52.9% compared to the same quarter last year. During the same quarter 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, research analysts expect that Curbline Properties Corp. will post 1.26 EPS for the current year.

Insider Activity

In other Curbline Properties news, EVP Conor Fennerty sold 55,105 shares of the business’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $30.38, for a total transaction of $1,674,089.90. Following the sale, the executive vice president directly owned 153,909 shares in the company, valued at approximately $4,675,755.42. The trade was a 26.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Alexander Otto sold 136,226 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was sold at an average price of $30.25, for a total transaction of $4,120,836.50. Following the completion of the sale, the director directly owned 7,274,993 shares of the company’s stock, valued at approximately $220,068,538.25. This represents a 1.84% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 769,478 shares of company stock worth $23,160,087. 8.70% of the stock is owned by corporate insiders.

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.