Legal & General Group Plc Takes $20.07 Million Position in Curbline Properties Corp. $CURB

Legal & General Group Plc acquired a new stake in Curbline Properties Corp. (NYSE:CURB) during the 2nd quarter, Holdings Channel.com reports. The firm acquired 660,376 shares of the company’s stock, valued at approximately $20,075,000.

A number of other large investors have also made changes to their positions in the stock. BlackRock Inc. purchased a new stake in Curbline Properties during the 2nd quarter worth about $531,338,000. Principal Financial Group Inc. lifted its holdings in Curbline Properties by 110.3% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in shares of 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 worth $309,687,000 after purchasing an additional 2,365,894 shares during the last quarter. Deutsche Bank AG acquired a new stake in shares of Curbline Properties during the 2nd quarter worth about $62,145,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Curbline Properties during the second quarter worth about $22,836,000.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. Jefferies Financial Group began coverage on shares of Curbline Properties in a research report on Tuesday. They issued a “buy” rating and a $36.00 price objective for the company. Piper Sandler lowered their target price on shares of Curbline Properties from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday. Morgan Stanley reaffirmed an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Citigroup boosted their price target on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, KeyCorp raised their price objective on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $31.50.

Insider Buying and Selling at Curbline Properties

In related news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $30.38, for a total value of $1,674,089.90. Following the transaction, the executive vice president owned 153,909 shares in the company, valued at approximately $4,675,755.42. This trade represents a 26.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Alexander Otto sold 174,293 shares of the business’s stock in a transaction dated Tuesday, August 25th. The shares were sold at an average price of $30.12, for a total value of $5,249,705.16. Following the sale, the director directly owned 7,057,394 shares of the company’s stock, valued at approximately $212,568,707.28. This trade represents a 2.41% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 1,078,639 shares of company stock worth $32,478,760 over the last ninety days. Corporate insiders own 8.70% of the company’s stock.

Curbline Properties Stock Performance

Shares of CURB stock opened at $30.04 on Friday. Curbline Properties Corp. has a one year low of $21.93 and a one year high of $32.15. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. The company has a 50 day moving average price of $30.48 and a 200 day moving average price of $28.62. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 111.26 and a beta of 0.51.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.27. The company had revenue of $63.30 million for the quarter, compared to analyst estimates of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. Curbline Properties’s revenue for the quarter was up 52.9% on a year-over-year basis. During the same quarter last year, the business earned $0.26 EPS. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. Sell-side analysts anticipate that Curbline Properties Corp. will post 1.25 EPS for the current year.

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.