Charles Schwab Investment Management Inc. Grows Holdings in Curbline Properties Corp. $CURB

by · The Cerbat Gem

Charles Schwab Investment Management Inc. raised its stake in Curbline Properties Corp. (NYSE:CURBFree Report) by 5.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,523,270 shares of the company’s stock after buying an additional 74,477 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Curbline Properties were worth $35,355,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in CURB. ProShare Advisors LLC boosted its stake in shares of Curbline Properties by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock valued at $439,000 after purchasing an additional 592 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 valued at $64,000 after purchasing an additional 694 shares during the last quarter. GSI Capital Advisors LLC raised its position in 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 during the period. Amalgamated Bank raised its position in Curbline Properties by 3.3% in the 3rd quarter. Amalgamated Bank now owns 27,991 shares of the company’s stock worth $624,000 after purchasing an additional 906 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in Curbline Properties by 1.3% in the fourth quarter. State of Alaska Department of Revenue now owns 102,812 shares of the company’s stock worth $2,384,000 after purchasing an additional 1,340 shares during the last quarter.

Insiders Place Their Bets

In other news, CEO David R. Lukes sold 83,663 shares of Curbline Properties stock in a transaction that occurred 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 in the company, valued at approximately $13,591,997.51. This trade represents a 14.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 8.70% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on CURB shares. Weiss Ratings lowered shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Citigroup boosted their target price on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. increased their target price on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Truist Financial raised their price target on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a research report on Thursday, March 5th. Finally, Wall Street Zen cut Curbline Properties from a “sell” rating to a “strong sell” rating in a research note 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’s stock. According to data from MarketBeat, Curbline Properties has an average rating of “Moderate Buy” and a consensus target price of $29.44.

View Our Latest Analysis on Curbline Properties

Curbline Properties Price Performance

Shares of Curbline Properties stock opened at $27.58 on Friday. The company’s fifty day simple moving average is $27.04 and its two-hundred day simple moving average is $25.24. Curbline Properties Corp. has a 12-month low of $21.62 and a 12-month high of $28.94. The firm has a market cap of $2.91 billion, a PE ratio of 88.95 and a beta of 0.52. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 0.18.

Curbline Properties (NYSE:CURBGet Free Report) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.05 by $0.23. The firm had revenue of $57.99 million during the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The company’s quarterly revenue was up 51.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. As a group, equities analysts expect that Curbline Properties Corp. will post 1.22 EPS for the current year.

Curbline Properties Announces Dividend

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

About Curbline Properties

(Free Report)

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.

See Also

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