OVERSEA CHINESE BANKING Corp Ltd Purchases Shares of 141,403 Curbline Properties Corp. $CURB

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in shares of Curbline Properties Corp. (NYSE:CURB) during the second quarter, HoldingsChannel.com reports. The institutional investor purchased 141,403 shares of the company’s stock, valued at approximately $4,299,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Rockefeller Capital Management L.P. grew its holdings in Curbline Properties by 125.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 654 shares in the last quarter. Parallel Advisors LLC increased its position in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after acquiring an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in 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 valued at $64,000 after acquiring an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its stake in Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after acquiring an additional 1,672 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Curbline Properties during the 1st quarter worth $224,000.

Curbline Properties Stock Performance

CURB opened at $29.50 on Friday. The business has a 50 day moving average price of $30.52 and a two-hundred day moving average price of $28.44. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63. The company has a market capitalization of $3.39 billion, a price-to-earnings ratio of 109.26 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 issued its quarterly earnings results on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.27. Curbline Properties had a return on equity of 1.50% and a net margin of 13.10%.The company had revenue of $63.30 million for the quarter, compared to analysts’ expectations of $57.25 million. During the same period last year, the firm earned $0.26 EPS. The firm’s revenue for the quarter 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 1.26 EPS for the current fiscal year.

Insider Activity

In related news, Director Alexander Otto sold 136,226 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was sold at an average price of $30.25, for a total transaction of $4,120,836.50. Following the completion of the transaction, the director owned 7,274,993 shares of the company’s stock, valued at $220,068,538.25. This trade represents a 1.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction dated 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 directly owned 153,909 shares in the company, valued at approximately $4,675,755.42. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 769,478 shares of company stock valued at $23,160,087 in the last ninety days. Company insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

CURB has been the subject of several recent analyst reports. KeyCorp increased their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Citigroup lifted their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research note on Monday, August 3rd. Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Finally, Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, August 12th. Six investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $31.11.

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.