Insider Selling: Curbline Properties (NYSE:CURB) CAO Sells $149,850.00 in Stock

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

Curbline Properties Stock Performance

NYSE CURB opened at $29.34 on Monday. The firm’s 50 day simple moving average is $28.42 and its 200 day simple moving average is $28.30. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 122.26 and a beta of 0.51. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.15. Curbline Properties Corp. has a 1 year low of $22.33 and a 1 year high of $32.15.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Thursday, October 22nd. The company reported $0.06 earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $66.53 million. During the same quarter in the previous year, the business posted $0.09 EPS. The company’s revenue for the quarter was up 46.3% on a year-over-year basis. As a group, research analysts expect that Curbline Properties Corp. will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

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

Analyst Ratings Changes

A number of research firms have recently commented on CURB. Citigroup increased their target price 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. Truist Financial raised their price target on shares of Curbline Properties from $33.00 to $34.00 and gave the company a “buy” rating in a research note on Monday, November 2nd. Jefferies Financial Group initiated coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They set a “buy” rating and a $36.00 price target on the stock. Piper Sandler lowered their price objective on shares of Curbline Properties from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, October 12th. Finally, KeyCorp increased their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.44.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in CURB. Rockefeller Capital Management L.P. grew its holdings in 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 in the last quarter. Nykredit A S purchased a new stake in shares of Curbline Properties during the 2nd quarter valued at about $55,000. Sanctuary Advisors LLC purchased a new stake in Curbline Properties during the first quarter valued at approximately $224,000. Arrowstreet Capital Limited Partnership purchased a new stake in Curbline Properties during the 1st quarter valued at $243,000. Finally, ZWJ Investment Counsel Inc. lifted its holdings in shares of Curbline Properties by 25.7% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,750 shares of the company’s stock worth $244,000 after acquiring an additional 1,787 shares during the last quarter.

Curbline Properties Company Profile