Allianz Asset Management GmbH Takes $1.32 Million Position in Curbline Properties Corp. (NYSE:CURB)

Key Points

• Allianz Asset Management GmbH has acquired a new position in Curbline Properties Corp., purchasing 54,385 shares valued at approximately $1,316,000, representing about 0.05% of the company.
• Morgan Stanley has lowered its price target for Curbline Properties from $27.00 to $26.00 while maintaining an "equal weight" rating, with the stock currently holding a consensus rating of "Hold" and a target price of $25.68.
• Curbline Properties has reported a 47.0% increase in revenue year-over-year, with earnings per share of $0.26, exceeding analysts' expectations of $0.24.

Allianz Asset Management GmbH bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The firm bought 54,385 shares of the company's stock, valued at approximately $1,316,000. Allianz Asset Management GmbH owned 0.05% of Curbline Properties as of its most recent filing with the SEC.

Several other hedge funds have also modified their holdings of CURB. American Century Companies Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $547,000. KLP Kapitalforvaltning AS acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $453,000. Vanguard Group Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $343,497,000. Corebridge Financial Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $1,174,000. Finally, Prudential Financial Inc. acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $2,255,000.

Curbline Properties Stock Performance

Shares of NYSE CURB traded up $0.38 during trading on Tuesday, reaching $22.27. The stock had a trading volume of 214,548 shares, compared to its average volume of 595,095. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69. 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 firm's 50 day moving average price is $22.74 and its two-hundred day moving average price is $23.37.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The company reported $0.26 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%. The firm's revenue was up 47.0% on a year-over-year basis. During the same period in the prior year, the business earned $0.19 EPS. On average, analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Wednesday, June 18th.

Wall Street Analyst Weigh In

Separately, Morgan Stanley cut their target price 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 investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, Curbline Properties currently has an average rating of "Hold" and an average price target of $25.68.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the transaction, the executive vice president owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 8.60% of the company's stock.

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.