UBS Group AG Boosts Stock Position in Curbline Properties Corp. $CURB

UBS Group AG increased its position in Curbline Properties Corp. (NYSE:CURB) by 175.2% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 425,331 shares of the company’s stock after buying an additional 270,800 shares during the quarter. UBS Group AG’s holdings in Curbline Properties were worth $9,872,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its position in Curbline Properties by 29.4% in the 4th quarter. Teacher Retirement System of Texas now owns 981,034 shares of the company’s stock worth $22,770,000 after buying an additional 223,027 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Curbline Properties in the 4th quarter worth approximately $5,667,000. Evergreen Capital Management LLC lifted its position in Curbline Properties by 25.5% in the fourth quarter. Evergreen Capital Management LLC now owns 14,046 shares of the company’s stock valued at $328,000 after purchasing an additional 2,851 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Curbline Properties by 2.5% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,075 shares of the company’s stock valued at $1,348,000 after purchasing an additional 1,400 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Curbline Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after purchasing an additional 694 shares during the last quarter.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on CURB. Weiss Ratings downgraded Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Truist Financial boosted their price objective on Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Citigroup boosted their price objective on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen downgraded Curbline Properties from a “sell” rating to a “strong sell” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their price objective on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $29.44.

Insiders Place Their Bets

In related news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $26.83, for a total value of $2,244,678.29. Following the sale, the chief executive officer directly owned 506,597 shares of the company’s stock, valued at $13,591,997.51. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is currently owned by insiders.

Curbline Properties Price Performance

CURB opened at $27.58 on Friday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. Curbline Properties Corp. has a 52-week low of $21.62 and a 52-week high of $28.94. The stock has a market capitalization of $2.91 billion, a PE ratio of 88.95 and a beta of 0.52. The stock’s 50 day moving average price is $27.04 and its 200-day moving average price is $25.24.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.05 by $0.23. The company had revenue of $57.99 million for the quarter, compared to analysts’ expectations of $53.34 million. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The firm’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, equities research analysts predict that Curbline Properties Corp. will post 1.22 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, June 18th will be paid a $0.17 dividend. This represents a $0.68 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend is Thursday, June 18th. Curbline Properties’s dividend payout ratio is presently 219.35%.

Curbline Properties 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.