Fisher Asset Management LLC Sells 39,763 Shares of Curbline Properties Corp. $CURB

Fisher Asset Management LLC reduced its holdings in Curbline Properties Corp. (NYSE:CURB) by 8.2% during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 446,894 shares of the company’s stock after selling 39,763 shares during the quarter. Fisher Asset Management LLC’s holdings in Curbline Properties were worth $10,372,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Legal & General Group Plc increased its stake in Curbline Properties by 10.3% in the 4th quarter. Legal & General Group Plc now owns 729,139 shares of the company’s stock worth $16,923,000 after acquiring an additional 68,093 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Curbline Properties by 48.7% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after acquiring an additional 58,138 shares during the last quarter. Handelsbanken Fonder AB increased its stake in Curbline Properties by 15.3% in the 4th quarter. Handelsbanken Fonder AB now owns 29,400 shares of the company’s stock worth $682,000 after acquiring an additional 3,900 shares during the last quarter. ProShare Advisors LLC increased its stake in Curbline Properties by 3.2% in the 4th quarter. ProShare Advisors LLC now owns 18,930 shares of the company’s stock worth $439,000 after acquiring an additional 592 shares during the last quarter. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al increased its stake in Curbline Properties by 83.5% in the 4th quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company’s stock worth $2,969,000 after acquiring an additional 58,200 shares during the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on CURB shares. Weiss Ratings lowered Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. upped their target price on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Morgan Stanley upped their target price on Curbline Properties from $29.00 to $30.00 and gave the stock an “overweight” rating in a research note on Thursday, April 23rd. Wall Street Zen lowered Curbline Properties from a “sell” rating to a “strong sell” rating in a research note on Monday, May 4th. Finally, Truist Financial upped their target price on Curbline Properties from $27.00 to $31.00 and gave the stock a “buy” rating in a research note on Thursday, March 5th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $29.44.

Insider Activity

In other news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction dated 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 completion of the transaction, the chief executive officer directly 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

Curbline Properties Price Performance

CURB opened at $28.98 on Thursday. The stock has a 50-day moving average price of $27.26 and a 200-day moving average price of $25.52. Curbline Properties Corp. has a 12-month low of $21.62 and a 12-month high of $29.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $3.06 billion, a P/E ratio of 93.49 and a beta of 0.52.

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

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Stockholders of record on Thursday, June 18th will be issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date 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.