Element Capital Management LLC Acquires New Stake in Curbline Properties Corp. $CURB

Element Capital Management LLC acquired a new stake in Curbline Properties Corp. (NYSE:CURB) during the second quarter, Holdings Channel reports. The fund acquired 230,153 shares of the company’s stock, valued at approximately $6,997,000. Curbline Properties accounts for approximately 0.2% of Element Capital Management LLC’s investment portfolio, making the stock its 21st largest position.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Legal & General Group Plc acquired a new stake in Curbline Properties during the 2nd quarter worth $20,075,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Curbline Properties in the second quarter valued at about $1,393,000. Sanctuary Advisors LLC acquired a new stake in shares of Curbline Properties in the second quarter valued at about $575,000. Greenland Capital Management LP purchased a new position in shares of Curbline Properties in the second quarter worth about $2,163,000. Finally, Quantbot Technologies LP purchased a new position in shares of Curbline Properties in the second quarter worth about $2,350,000.

Curbline Properties Trading Up 1.0%

Shares of CURB stock opened at $30.06 on Wednesday. The company’s 50-day moving average price is $30.47 and its 200-day moving average price is $28.55. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.46 billion, a price-to-earnings ratio of 111.34 and a beta of 0.51. Curbline Properties Corp. has a twelve month low of $21.93 and a twelve month high of $32.15.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate 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 analysts’ expectations of $57.25 million. During the same period last year, the business earned $0.26 earnings per share. Curbline Properties’s revenue was up 52.9% compared to the same quarter last year. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, equities analysts predict that Curbline Properties Corp. will post 1.26 earnings per share for the current year.

Analysts Set New Price Targets

Several analysts recently issued reports on CURB shares. KeyCorp upped their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Citigroup boosted 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 restated an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a research report on Thursday, June 18th. Finally, Weiss Ratings raised Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $31.60.

Insider Activity

In other news, Director Alexander Otto sold 1,206 shares of the firm’s stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $30.10, for a total transaction of $36,300.60. Following the completion of the sale, the director owned 7,231,687 shares in the company, valued at $217,673,778.70. This trade represents a 0.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In the last three months, insiders have sold 769,478 shares of company stock worth $23,160,087. 8.70% of the stock is owned by company 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.