Curbline Properties Corp. (NYSE:CURB - Get Free Report) EVP Conor Fennerty sold 28,000 shares of Curbline Properties stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $22.81, for a total value of $638,680.00. Following the completion of the transaction, the executive vice president directly owned 176,560 shares of the company's stock, valued at $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Curbline Properties Price Performance
CURB stock remained flat at $22.80 during midday trading on Wednesday. 138,429 shares of the company's stock were exchanged, compared to its average volume of 695,495. The stock's 50 day moving average price is $22.95 and its 200-day moving average price is $23.44. The company has a debt-to-equity ratio of 0.05, a quick ratio of 27.77 and a current ratio of 27.77. Curbline Properties Corp. has a 1 year low of $20.16 and a 1 year high of $25.69.
Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. The business's quarterly revenue was up 38.2% on a year-over-year basis. As a group, analysts forecast that Curbline Properties Corp. will post 1 EPS for the current year.
Curbline Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date of this dividend is Wednesday, June 18th.
Institutional Investors Weigh In On Curbline Properties
Hedge funds have recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in Curbline Properties by 37.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock worth $44,000 after buying an additional 507 shares during the period. GAMMA Investing LLC raised its position in shares of Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after purchasing an additional 1,156 shares during the period. Covestor Ltd lifted its holdings in shares of Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after purchasing an additional 1,268 shares in the last quarter. Quadrant Capital Group LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $31,000. Finally, Fifth Third Bancorp grew its position in shares of Curbline Properties by 215.9% in the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock valued at $51,000 after purchasing an additional 1,451 shares during the period.
Analyst Upgrades and Downgrades
Separately, Morgan Stanley decreased their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, Curbline Properties has a consensus rating of "Hold" and a consensus target price of $25.68.
Check Out Our Latest Research Report on Curbline Properties
About Curbline Properties
(
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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.
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