Insider Selling: Curbline Properties (NYSE:CURB) CEO Sells $2,244,678.29 in Stock

Curbline Properties Corp. (NYSE:CURB) CEO David Lukes sold 83,663 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the completion of the sale, the chief executive officer owned 506,597 shares in the company, valued at $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Curbline Properties Trading Down 0.4%

Shares of NYSE:CURB opened at $26.14 on Friday. The stock has a market capitalization of $2.75 billion, a price-to-earnings ratio of 68.79 and a beta of 0.27. Curbline Properties Corp. has a 1-year low of $20.91 and a 1-year high of $28.65. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.14 and a current ratio of 1.14. The company has a 50 day moving average price of $25.83 and a 200 day moving average price of $24.06.

Curbline Properties (NYSE:CURB) last posted its quarterly 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 net margin of 21.78% and a return on equity of 2.10%. The company had revenue of $54.15 million during the quarter, compared to the consensus estimate of $52.15 million. During the same period in the prior year, the company posted $0.11 EPS. Curbline Properties’s quarterly 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, research analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 8th. Stockholders of record on Wednesday, March 18th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.6%. This is a boost from Curbline Properties’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Wednesday, March 18th. Curbline Properties’s payout ratio is presently 178.95%.

Analyst Ratings Changes

A number of brokerages recently weighed in on CURB. UBS Group set a $27.00 price target on Curbline Properties in a research note on Thursday, December 4th. Truist Financial upped their price objective on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research note on Thursday, March 5th. Weiss Ratings cut shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, March 10th. KeyCorp lifted their target price on shares of Curbline Properties from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. Finally, Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, January 12th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.13.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. T. Rowe Price Investment Management Inc. lifted its stake in Curbline Properties by 21.6% in 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 acquiring an additional 2,365,894 shares in the last quarter. 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 valued at $126,772,000 after acquiring an additional 101,813 shares in the last quarter. 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 valued at $61,966,000 after acquiring an additional 562,642 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Curbline Properties by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company’s stock valued at $58,426,000 after purchasing an additional 22,731 shares during the period. Finally, Principal Financial Group Inc. lifted its position in shares of Curbline Properties by 426.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock worth $57,123,000 after purchasing an additional 1,993,711 shares in the last quarter.

Curbline Properties Company 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.