BROOKFIELD Corp ON Buys New Position 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 stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 316,727 shares of the company's stock, valued at approximately $7,662,000. BROOKFIELD Corp ON owned 0.30% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently modified their holdings of CURB. GF Fund Management CO. LTD. bought a new stake in shares of Curbline Properties during the 4th quarter valued at $40,000. Smartleaf Asset Management LLC raised its holdings in shares of Curbline Properties by 37.8% during the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock worth $44,000 after buying an additional 507 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of 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 buying an additional 1,451 shares in the last quarter. State of Wyoming acquired a new position in shares of Curbline Properties during the 1st quarter worth $54,000. Finally, GAMMA Investing LLC raised its holdings in shares of 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 buying an additional 1,156 shares in the last quarter.

Insider Activity at Curbline Properties

In related news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president owned 176,560 shares in the company, valued at $4,027,333.60. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.60% of the stock is currently owned by insiders.

Curbline Properties Stock Performance

Shares of CURB stock traded up $0.34 on Wednesday, hitting $22.44. The company had a trading volume of 157,020 shares, compared to its average volume of 594,911. The stock's 50-day moving average is $22.55 and its two-hundred day moving average is $22.92. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05. Curbline Properties Corp. has a twelve month low of $18.80 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, beating the consensus estimate 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 quarter in the prior year, the firm posted $0.19 earnings per share. The business's quarterly revenue was up 47.0% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH began coverage on Curbline Properties in a report on Tuesday, September 9th. They set a "neutral" rating and a $25.00 price target for the company. Three analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $25.59.

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.