Westpac Banking Corp Makes New Investment in Curbline Properties Corp. $CURB

Westpac Banking Corp acquired a new stake in Curbline Properties Corp. (NYSE:CURB) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 116,447 shares of the company’s stock, valued at approximately $3,540,000.

Several other large investors have also bought and sold shares of the company. UBS Group AG boosted its position in shares of Curbline Properties by 175.2% during the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after purchasing an additional 270,800 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Curbline Properties by 5.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company’s stock valued at $35,355,000 after purchasing an additional 74,477 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Curbline Properties by 426.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock worth $57,123,000 after buying an additional 1,993,711 shares in the last quarter. Diamond Hill Capital Management Inc. boosted its holdings in Curbline Properties by 48.7% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock worth $4,118,000 after buying an additional 58,138 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Curbline Properties by 410.6% in the first quarter. First Trust Advisors LP now owns 308,144 shares of the company’s stock worth $7,947,000 after buying an additional 247,797 shares during the last quarter.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on CURB shares. Weiss Ratings raised Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Citigroup lifted their target price on Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Finally, Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $31.11.

Curbline Properties Price Performance

CURB stock opened at $29.47 on Friday. 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 firm has a market capitalization of $3.39 billion, a P/E ratio of 109.15 and a beta of 0.51. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The company’s 50 day simple moving average is $30.49 and its 200-day simple moving average is $28.44.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.04 by $0.27. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm had revenue of $63.30 million during the quarter, compared to analyst estimates of $57.25 million. During the same quarter last year, the business posted $0.26 EPS. The company’s revenue was up 52.9% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities research analysts anticipate that Curbline Properties Corp. will post 1.26 EPS for the current year.

Insider Activity

In other news, Director Alexander Otto sold 1,206 shares of the firm’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $30.10, for a total value of $36,300.60. Following the completion of the sale, the director owned 7,231,687 shares of the company’s stock, valued at $217,673,778.70. This trade represents a 0.02% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Insiders sold a total of 769,478 shares of company stock valued at $23,160,087 in the last ninety days. 8.70% of the stock is owned by corporate insiders.

About Curbline Properties

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.