Allianz Asset Management GmbH Makes New Investment 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 acquired a new position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 54,385 shares of the company's stock, valued at approximately $1,316,000. Allianz Asset Management GmbH owned approximately 0.05% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission.

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

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their price target on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a 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. According to MarketBeat.com, Curbline Properties presently has a consensus rating of "Hold" and a consensus target price of $25.68.

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 value of $638,680.00. Following the completion of the sale, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 8.60% of the company's stock.

Curbline Properties Stock Down 1.6%

Curbline Properties stock opened at $22.08 on Friday. The company's fifty day simple moving average is $22.75 and its 200-day simple moving average is $23.38. The company has a debt-to-equity ratio of 0.05, a quick ratio of 27.77 and a current ratio of 13.40. Curbline Properties Corp. has a 12 month low of $18.80 and a 12 month high of $25.69.

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

Curbline Properties Dividend Announcement

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

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.

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