Caxton Associates LLP Takes $400,000 Position in Curbline Properties Corp. $CURB

Key Points

• Caxton Associates LLP has acquired a new position in Curbline Properties Corp. (NYSE: CURB), purchasing 16,542 shares valued at approximately $400,000.
• Curbline Properties reported a 47.0% increase in quarterly revenue year-over-year, totaling $41.10 million, and exceeded analysts' EPS estimates by $0.02.
• Wall Street analysts have set a consensus target price of $25.59 for Curbline Properties, with several firms issuing a "neutral" rating recently.

Caxton Associates LLP purchased a new position in Curbline Properties Corp. (NYSE:CURB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 16,542 shares of the company's stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GF Fund Management CO. LTD. purchased a new position in shares of Curbline Properties in the 4th quarter worth $40,000. Smartleaf Asset Management LLC boosted its stake in shares of Curbline Properties by 37.8% in 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 during the last quarter. Fifth Third Bancorp boosted its stake in shares of Curbline Properties by 215.9% in 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 during the last quarter. State of Wyoming purchased a new position in shares of Curbline Properties in the 1st quarter worth $54,000. Finally, GAMMA Investing LLC raised its holdings in Curbline Properties by 91.1% in 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 during the period.

Insider Buying and Selling

In related news, EVP Conor Fennerty sold 28,000 shares of Curbline Properties stock in a transaction dated 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 owned 176,560 shares in the company, valued at approximately $4,027,333.60. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

Separately, LADENBURG THALM/SH SH started coverage on Curbline Properties in a report on Tuesday, September 9th. They issued a "neutral" rating and a $25.00 target price 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, Curbline Properties presently has an average rating of "Hold" and a consensus target price of $25.59.

Curbline Properties Stock Performance

Shares of Curbline Properties stock traded up $0.24 during trading on Thursday, reaching $22.68. 360,455 shares of the stock traded hands, compared to its average volume of 581,958. The business has a fifty day simple moving average of $22.56 and a two-hundred day simple moving average of $22.91. 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 52-week low of $18.80 and a 52-week high of $25.69.

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

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th will be given a $0.16 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.8%.

Curbline Properties Company 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.