VIRGINIA RETIREMENT SYSTEMS ET Al Has $2.97 Million Stock Position in Curbline Properties Corp. $CURB

VIRGINIA RETIREMENT SYSTEMS ET Al lifted its stake in Curbline Properties Corp. (NYSE:CURB) by 83.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 127,900 shares of the company’s stock after buying an additional 58,200 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al’s holdings in Curbline Properties were worth $2,969,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Curbline Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after acquiring an additional 694 shares during the last quarter. Amalgamated Bank increased its position in shares of Curbline Properties by 3.3% in the third quarter. Amalgamated Bank now owns 27,991 shares of the company’s stock valued at $624,000 after acquiring an additional 906 shares during the last quarter. State of Alaska Department of Revenue increased its position in shares of 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 valued at $2,384,000 after acquiring an additional 1,340 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Curbline Properties by 2.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,075 shares of the company’s stock worth $1,348,000 after buying an additional 1,400 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares during the last quarter.

Insider Activity

In other news, CEO David R. Lukes sold 83,663 shares of the business’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 completion of the sale, the chief executive officer owned 506,597 shares in the company, valued at $13,591,997.51. The trade was a 14.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on CURB shares. KeyCorp boosted their price target on Curbline Properties from $28.00 to $30.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 29th. Weiss Ratings downgraded Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Morgan Stanley boosted their price target on Curbline Properties from $29.00 to $30.00 and gave the stock an “overweight” rating in a research report on Thursday, April 23rd. Citigroup boosted their price target on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. Finally, Piper Sandler boosted their price target on Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 17th. Seven investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, Curbline Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.44.

Curbline Properties Price Performance

Shares of NYSE CURB opened at $27.85 on Friday. The business’s 50 day moving average price is $27.06 and its two-hundred day moving average price is $25.22. The company has a market cap of $2.94 billion, a PE ratio of 89.84 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 Corp. has a twelve month low of $21.62 and a twelve month high of $28.94.

Curbline Properties (NYSE:CURB) last issued 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 company had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $53.34 million. During the same quarter in the previous year, the company posted $0.24 earnings per share. The business’s revenue was up 51.0% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. On average, analysts predict that Curbline Properties Corp. will post 1.22 EPS for the current year.

Curbline Properties Announces Dividend

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 dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Thursday, June 18th. Curbline Properties’s payout ratio is currently 219.35%.

Curbline Properties Company 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.