Allstate Corp Buys Shares of 20,607 Curbline Properties Corp. $CURB

Allstate Corp bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB) during the fourth quarter, HoldingsChannel reports. The institutional investor bought 20,607 shares of the company’s stock, valued at approximately $478,000.

Other large investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its position in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after purchasing an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position in Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after purchasing an additional 694 shares during the period. BNP Paribas Financial Markets lifted its position in Curbline Properties by 28.5% during 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 period. Tower Research Capital LLC TRC lifted its position in Curbline Properties by 120.5% during the 2nd quarter. Tower Research Capital LLC TRC now owns 9,639 shares of the company’s stock valued at $220,000 after purchasing an additional 5,268 shares during the period. Finally, Pensionfund Sabic acquired a new position in Curbline Properties during the 4th quarter valued at about $232,000.

Curbline Properties Stock Performance

Shares of NYSE:CURB opened at $29.12 on Friday. The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 93.94 and a beta of 0.52. The firm’s 50 day simple moving average is $27.37 and its 200 day simple moving average is $25.59. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20. Curbline Properties Corp. has a fifty-two week low of $21.62 and a fifty-two week high of $29.48.

Curbline Properties (NYSE:CURB) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. The business had revenue of $57.99 million for the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. Curbline Properties’s revenue for the quarter was up 51.0% on a year-over-year basis. During the same period last year, the company posted $0.24 EPS. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. As a group, sell-side analysts forecast that Curbline Properties Corp. will post 1.21 earnings per share for the current year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be issued a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a yield of 2.3%. The ex-dividend date is Thursday, June 18th. Curbline Properties’s dividend payout ratio (DPR) is 219.35%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on CURB shares. Morgan Stanley increased their price target on shares of Curbline Properties from $29.00 to $30.00 and gave the company an “overweight” rating in a research report on Thursday, April 23rd. Truist Financial increased their price target on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Citigroup increased their price target on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Piper Sandler increased their price target on shares of Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Finally, Wall Street Zen downgraded shares of Curbline Properties from a “sell” rating to a “strong sell” rating in a research report on Monday, May 4th. Seven research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.44.

Insider Buying and Selling

In other Curbline Properties news, CEO David R. Lukes sold 83,663 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $26.83, for a total transaction of $2,244,678.29. Following the sale, the chief executive officer directly owned 506,597 shares in the company, valued at approximately $13,591,997.51. This trade represents a 14.17% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.70% of the company’s stock.

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.