Bank of New York Mellon Corp reduced its stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 656,783 shares of the company's stock after selling 32,824 shares during the period. Bank of New York Mellon Corp owned approximately 0.62% of Curbline Properties worth $15,888,000 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. Principal Financial Group Inc. grew its position in Curbline Properties by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 560,056 shares of the company's stock worth $13,548,000 after acquiring an additional 17,160 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in Curbline Properties by 33.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,651 shares of the company's stock worth $524,000 after acquiring an additional 5,405 shares during the last quarter. KBC Group NV grew its position in Curbline Properties by 48.4% during the 1st quarter. KBC Group NV now owns 5,691 shares of the company's stock worth $138,000 after acquiring an additional 1,857 shares during the last quarter. Asset Management One Co. Ltd. grew its position in Curbline Properties by 43.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 199,285 shares of the company's stock worth $4,821,000 after acquiring an additional 60,499 shares during the last quarter. Finally, 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 acquiring an additional 1,451 shares during the last quarter.
Curbline Properties Price Performance
Curbline Properties stock traded down $0.22 during midday trading on Wednesday, reaching $23.08. 428,119 shares of the company's stock were exchanged, compared to its average volume of 682,717. Curbline Properties Corp. has a 52 week low of $20.16 and a 52 week high of $25.69. The stock's 50-day simple moving average is $22.79 and its 200 day simple moving average is $23.40. The company has a current ratio of 27.77, a quick ratio of 27.77 and a debt-to-equity ratio of 0.05.
Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting 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 company's quarterly revenue was up 38.2% compared to the same quarter last year. On average, sell-side analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.
Curbline Properties Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were paid a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.77%. The ex-dividend date of this dividend was Wednesday, June 18th.
Insider Activity at Curbline Properties
In other news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction on Friday, June 27th. The stock was 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 in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 8.60% of the company's stock.
Wall Street Analysts Forecast Growth
Separately, Morgan Stanley lowered their target price 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 analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $25.68.
Check Out Our Latest Research Report on Curbline Properties
Curbline Properties Profile
(
Free Report)
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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