BROOKFIELD Corp ON Invests $7.66 Million in Curbline Properties Corp. $CURB

Key Points

• BROOKFIELD Corp ON has acquired a new position in Curbline Properties Corp., investing approximately $7.66 million for 316,727 shares, which accounts for about 0.30% of the company.
• Recent trading activity shows insider Conor Fennerty sold 28,000 shares, reducing his ownership by 13.69%, while the company reported a 47% year-over-year increase in revenue for the last quarter.
• Analysts have mixed views on Curbline Properties, with a neutral rating and a price target of $25.00 recently set by Ladenburg Thalm/SH, while the average price target among analysts is $25.59.

BROOKFIELD Corp ON bought a new position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 316,727 shares of the company's stock, valued at approximately $7,662,000. BROOKFIELD Corp ON owned approximately 0.30% of Curbline Properties as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new position in Curbline Properties in the fourth quarter valued at approximately $40,000. Smartleaf Asset Management LLC boosted its holdings in Curbline Properties by 37.8% in the first quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock valued at $44,000 after purchasing an additional 507 shares in the last quarter. Fifth Third Bancorp boosted its holdings in Curbline Properties by 215.9% in the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock valued at $51,000 after purchasing an additional 1,451 shares in the last quarter. State of Wyoming acquired a new position in Curbline Properties in the first quarter valued at approximately $54,000. Finally, GAMMA Investing LLC boosted its holdings in Curbline Properties by 91.1% in the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after purchasing an additional 1,156 shares in the last quarter.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction that occurred 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 sale, the executive vice president directly owned 176,560 shares of the company's stock, valued at approximately $4,027,333.60. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company's stock.

Curbline Properties Price Performance

Shares of NYSE:CURB opened at $22.89 on Friday. The company has a 50-day simple moving average of $22.56 and a 200-day simple moving average of $22.98. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The company had revenue of $41.10 million during the quarter, compared to analysts' expectations of $37.67 million. During the same period last year, the firm earned $0.19 EPS. The firm's revenue for the quarter was up 47.0% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities research analysts forecast that Curbline Properties Corp. will post 1 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH started coverage on Curbline Properties in a research report on Tuesday. They set a "neutral" rating and a $25.00 price target on the stock. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $25.59.

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.

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