OVERSEA CHINESE BANKING Corp Ltd Takes Position in Curbline Properties Corp. (NYSE:CURB)

Key Points

• OVERSEA CHINESE BANKING Corp Ltd acquired 97,195 shares of Curbline Properties Corp (~$2.35 million), representing about 0.09% ownership as of the latest quarter.
• Curbline Properties reported a 47.0% increase in revenue year-over-year, with earnings per share of $0.26, surpassing analyst expectations of $0.24.
• Morgan Stanley reduced the target price for Curbline Properties from $27.00 to $26.00, while the stock holds a consensus rating of "Hold" from analysts.

OVERSEA CHINESE BANKING Corp Ltd acquired a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 97,195 shares of the company's stock, valued at approximately $2,351,000. OVERSEA CHINESE BANKING Corp Ltd owned 0.09% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently added to or reduced their stakes in the company. Quadrant Capital Group LLC purchased a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $31,000. Covestor Ltd boosted its holdings in Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after purchasing an additional 1,268 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Curbline Properties during the 4th quarter worth approximately $40,000. Fifth Third Bancorp raised its position in shares of Curbline Properties by 215.9% during the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after purchasing an additional 1,451 shares during the period. Finally, GAMMA Investing LLC increased its position in Curbline Properties by 91.1% in the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after acquiring an additional 1,156 shares during the period.

Insider Transactions at Curbline Properties

In related news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction on Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president 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 document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company's stock.

Wall Street Analyst Weigh In

Separately, Morgan Stanley reduced their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note 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. According to MarketBeat.com, Curbline Properties currently has a consensus rating of "Hold" and an average price target of $25.68.

Curbline Properties Price Performance

CURB stock traded down $0.13 during midday trading on Thursday, hitting $22.35. The stock had a trading volume of 60,140 shares, compared to its average volume of 597,441. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40. The business has a fifty day moving average price of $22.72 and a two-hundred day moving average price of $23.35. Curbline Properties Corp. has a 1-year low of $18.80 and a 1-year high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The business had revenue of $41.10 million for the quarter, compared to analysts' expectations of $37.67 million. During the same period in the prior year, the company posted $0.19 EPS. The business's revenue for the quarter was up 47.0% compared to the same quarter last year. Equities research analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

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.