Curbline Properties Corp. $CURB Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. decreased its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 62.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 324,150 shares of the company’s stock after selling 536,089 shares during the period. Sumitomo Mitsui Trust Group Inc.’s holdings in Curbline Properties were worth $8,360,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. Royal Bank of Canada grew its stake in Curbline Properties by 43.7% in the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after acquiring an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Curbline Properties by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,483 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Curbline Properties by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after purchasing an additional 77,322 shares in the last quarter. Jane Street Group LLC purchased a new position in Curbline Properties during the first quarter valued at $4,025,000. Finally, Intech Investment Management LLC grew its position in shares of Curbline Properties by 58.6% in the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after purchasing an additional 19,204 shares during the period.

Curbline Properties Trading Down 0.3%

Shares of CURB opened at $30.23 on Wednesday. Curbline Properties Corp. has a 52-week low of $21.62 and a 52-week high of $31.87. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18. The firm’s fifty day moving average is $29.46 and its two-hundred day moving average is $27.15. The stock has a market cap of $3.45 billion, a PE ratio of 97.51 and a beta of 0.51.

Curbline Properties (NYSE:CURB) last released its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.23. The business had revenue of $57.99 million during the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The company’s revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts forecast that Curbline Properties Corp. will post 1.22 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend was Thursday, June 18th. Curbline Properties’s dividend payout ratio is currently 219.35%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on CURB shares. Weiss Ratings cut shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen cut Curbline Properties from a “sell” rating to a “strong sell” rating in a report on Monday, May 4th. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, KeyCorp increased their target price on Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, June 22nd. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $29.67.

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.