Curbline Properties Corp. (NYSE:CURB) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its holdings in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 4.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 656,783 shares of the company's stock after selling 32,824 shares during the quarter. Bank of New York Mellon Corp owned about 0.62% of Curbline Properties worth $15,888,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Invesco Ltd. acquired a new position in shares of Curbline Properties during the 4th quarter valued at $10,183,000. GAMMA Investing LLC lifted its holdings in shares of Curbline Properties by 4,522.6% during the 1st quarter. GAMMA Investing LLC now owns 58,661 shares of the company's stock valued at $1,419,000 after acquiring an additional 57,392 shares in the last quarter. Deutsche Bank AG increased its stake in Curbline Properties by 508.6% during the 4th quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock worth $2,702,000 after buying an additional 97,259 shares during the period. Corebridge Financial Inc. purchased a new stake in Curbline Properties during the 4th quarter worth $1,174,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in Curbline Properties during the 4th quarter worth $1,193,000.

Insider Buying and Selling at Curbline Properties

In other news, 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 approximately $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company's stock.

Curbline Properties Trading Up 0.8%

Shares of CURB traded up $0.19 during midday trading on Tuesday, hitting $23.17. The company had a trading volume of 111,280 shares, compared to its average volume of 682,579. The company's 50 day moving average price is $22.79 and its 200 day moving average price is $23.40. Curbline Properties Corp. has a 52 week low of $20.16 and a 52 week high of $25.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 27.77 and a quick ratio of 27.77.

Curbline Properties (NYSE:CURB - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share 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. Curbline Properties's quarterly revenue was up 38.2% on a year-over-year basis. As a group, equities analysts predict that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Wednesday, June 18th.

Analyst Ratings Changes

Separately, Morgan Stanley dropped 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 research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Curbline Properties presently has a consensus rating of "Hold" and an average target price of $25.68.

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.