Allianz Asset Management GmbH Sells 35,483 Shares of Curbline Properties Corp. $CURB

Allianz Asset Management GmbH trimmed its position in Curbline Properties Corp. (NYSE:CURB) by 67.1% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,430 shares of the company’s stock after selling 35,483 shares during the quarter. Allianz Asset Management GmbH’s holdings in Curbline Properties were worth $389,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its stake in shares of Curbline Properties by 28.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after purchasing an additional 2,091 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Curbline Properties by 120.5% in the second quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after acquiring an additional 5,268 shares during the last quarter. Rockefeller Capital Management L.P. acquired a new position in Curbline Properties during the second quarter worth about $237,000. Evergreen Capital Management LLC bought a new position in shares of Curbline Properties in the third quarter worth about $251,000. Finally, State of Wyoming boosted its stake in shares of Curbline Properties by 437.2% in the 2nd quarter. State of Wyoming now owns 11,948 shares of the company’s stock valued at $273,000 after purchasing an additional 9,724 shares in the last quarter.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. KeyCorp upped their price objective on shares of Curbline Properties from $27.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 10th. UBS Group set a $27.00 price target on shares of Curbline Properties in a report on Thursday, December 4th. Wolfe Research raised Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price objective on the stock in a report on Monday, January 12th. Weiss Ratings restated a “hold (c)” rating on shares of Curbline Properties in a research report on Monday, December 29th. Finally, Truist Financial set a $27.00 target price on Curbline Properties in a research report on Tuesday, January 20th. Five investment 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.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $27.00.

Curbline Properties Stock Up 3.2%

Shares of NYSE:CURB opened at $26.17 on Friday. The business has a fifty day simple moving average of $23.87 and a 200 day simple moving average of $23.26. The firm has a market cap of $2.76 billion, a P/E ratio of 68.86 and a beta of 0.48. Curbline Properties Corp. has a 12-month low of $20.91 and a 12-month high of $26.22. The company has a quick ratio of 9.99, a current ratio of 1.14 and a debt-to-equity ratio of 0.09.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Monday, February 9th. The company reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.27 by ($0.18). Curbline Properties had a return on equity of 2.10% and a net margin of 21.78%.The business had revenue of $54.15 million during the quarter, compared to analysts’ expectations of $52.15 million. During the same period in the prior year, the firm posted $0.11 EPS. The firm’s revenue for the quarter was up 55.2% on a year-over-year basis. Curbline Properties has set its FY 2026 guidance at 1.170-1.210 EPS. Analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date was Monday, December 22nd. Curbline Properties’s dividend payout ratio (DPR) is 168.42%.

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.