Westpac Banking Corp Acquires New Stake in Curbline Properties Corp. $CURB

Westpac Banking Corp acquired a new stake in shares of Curbline Properties Corp. (NYSE:CURB) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 55,165 shares of the company’s stock, valued at approximately $1,280,000.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC boosted its stake in Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in Curbline Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after buying an additional 694 shares during the period. BNP Paribas Financial Markets boosted its stake in Curbline Properties by 28.5% during the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares during the period. Tower Research Capital LLC TRC boosted its stake in Curbline Properties by 120.5% during the second quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after buying an additional 5,268 shares during the period. Finally, Pensionfund Sabic bought a new stake in Curbline Properties during the fourth quarter valued at $232,000.

Insider Buying and Selling at Curbline Properties

In other Curbline Properties news, CEO David R. Lukes sold 83,663 shares of the company’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 transaction, the chief executive officer owned 506,597 shares in the company, valued at approximately $13,591,997.51. This represents a 14.17% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 8.70% of the company’s stock.

Curbline Properties Trading Down 0.0%

NYSE CURB opened at $29.00 on Thursday. The stock’s 50-day simple moving average is $27.55 and its two-hundred day simple moving average is $25.72. Curbline Properties Corp. has a twelve month low of $21.62 and a twelve month high of $29.48. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18. The company has a market capitalization of $3.06 billion, a price-to-earnings ratio of 93.54 and a beta of 0.55.

Curbline Properties (NYSE:CURB) last released its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. The business had revenue of $57.99 million for the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a return on equity of 1.74% and a net margin of 16.24%.The company’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same quarter last year, the business posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts forecast that Curbline Properties Corp. will post 1.21 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. Curbline Properties’s dividend payout ratio is 219.35%.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CURB. Wall Street Zen lowered Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Monday, May 4th. KeyCorp lifted their price objective on Curbline Properties from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, April 29th. Morgan Stanley raised their price target on Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Weiss Ratings downgraded Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Finally, JPMorgan Chase & Co. raised their price target 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 assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $29.44.

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.