HBK Investments L P Takes Position in Curbline Properties Corp. $CURB

HBK Investments L P bought a new position in Curbline Properties Corp. (NYSE:CURB) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor bought 50,000 shares of the company’s stock, valued at approximately $1,520,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in Curbline Properties in the second quarter worth $531,338,000. Principal Financial Group Inc. increased its holdings in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. Deutsche Bank AG bought a new position in shares of Curbline Properties during the second quarter valued at $62,145,000. Jupiter Topco LLC purchased a new position in shares of Curbline Properties in the 2nd quarter worth about $46,975,000. Finally, Alyeska Investment Group L.P. raised its position in shares of Curbline Properties by 50.2% in the 2nd quarter. Alyeska Investment Group L.P. now owns 3,457,221 shares of the company’s stock worth $105,100,000 after purchasing an additional 1,155,731 shares during the last quarter.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CURB. KeyCorp upped their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and set a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Jefferies Financial Group initiated coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They issued a “buy” rating and a $36.00 target price for the company. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Piper Sandler cut their price target on shares of Curbline Properties from $40.00 to $39.00 and set an “overweight” rating on the stock in a report on Thursday, August 27th. Seven equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, Curbline Properties presently has an average rating of “Moderate Buy” and a consensus target price of $32.22.

Insider Transactions at Curbline Properties

In other news, EVP Conor Fennerty sold 55,105 shares of the firm’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 owned 153,909 shares of the company’s stock, valued at $4,675,755.42. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Alexander Otto sold 221,812 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were sold at an average price of $29.68, for a total transaction of $6,583,380.16. Following the sale, the director directly owned 6,586,370 shares in the company, valued at approximately $195,483,461.60. The trade was a 3.26% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders sold 1,446,890 shares of company stock valued at $43,452,298. 8.70% of the stock is owned by insiders.

Curbline Properties Stock Down 1.8%

Shares of CURB stock traded down $0.53 during mid-day trading on Wednesday, hitting $28.71. The company’s stock had a trading volume of 1,102,900 shares, compared to its average volume of 1,045,379. Curbline Properties Corp. has a 52-week low of $22.08 and a 52-week high of $32.15. The business has a 50-day moving average price of $30.17 and a 200 day moving average price of $28.88. 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 stock has a market cap of $3.30 billion, a price-to-earnings ratio of 106.35 and a beta of 0.49.

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

About Curbline Properties

Curbline Properties Corporation (NYSE: CURB) is a self-managed real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio primarily consists of open-air shopping centers designed to serve everyday consumer needs and support services in established communities.

The company’s properties are generally occupied by tenants such as grocery stores, restaurants, healthcare providers, fitness operators, personal-service businesses and other necessity- and service-oriented retailers.