Mitsubishi UFJ Asset Management Co. Ltd. Invests $2.55 Million in Curbline Properties Corp. $CURB

Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Curbline Properties Corp. (NYSE:CURB) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 83,882 shares of the company’s stock, valued at approximately $2,550,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Maryland State Retirement & Pension System raised its holdings in Curbline Properties by 3.8% during the 4th quarter. Maryland State Retirement & Pension System now owns 14,322 shares of the company’s stock valued at $332,000 after acquiring an additional 525 shares during the period. ProShare Advisors LLC boosted its position in shares of Curbline Properties by 3.2% during the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock valued at $439,000 after acquiring an additional 592 shares during the last quarter. Rockefeller Capital Management L.P. lifted its position in Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 654 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after acquiring an additional 694 shares during the last quarter. Finally, GSI Capital Advisors LLC boosted its holdings in shares of Curbline Properties by 0.5% in the 4th quarter. GSI Capital Advisors LLC now owns 158,081 shares of the company’s stock worth $3,669,000 after purchasing an additional 750 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. KeyCorp upped their price target on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Curbline Properties currently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Insider Buying and Selling

In related news, EVP Conor Fennerty sold 55,105 shares of the stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the transaction, the executive vice president owned 153,909 shares of the company’s stock, valued at approximately $4,675,755.42. This trade represents a 26.36% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alexander Otto sold 136,226 shares of Curbline Properties stock in a transaction that occurred on Friday, August 14th. The shares were sold at an average price of $30.25, for a total transaction of $4,120,836.50. Following the transaction, the director directly owned 7,274,993 shares in the company, valued at approximately $220,068,538.25. The trade was a 1.84% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 769,478 shares of company stock valued at $23,160,087. 8.70% of the stock is owned by corporate insiders.

Curbline Properties Price Performance

CURB opened at $29.47 on Friday. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The firm’s 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $28.44. The company has a market capitalization of $3.39 billion, a PE ratio of 109.15 and a beta of 0.51. Curbline Properties Corp. has a 1-year low of $21.93 and a 1-year high of $32.15.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. The business had revenue of $63.30 million during 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%. The company’s revenue was up 52.9% on a year-over-year basis. During the same period in the prior year, the business posted $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities analysts forecast that Curbline Properties Corp. will post 1.26 EPS for the current year.

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.