Boothbay Fund Management LLC Buys 101,284 Shares of Curbline Properties Corp. $CURB

Key Points

• Boothbay Fund Management LLC increased its stake in Curbline Properties Corp. by 26.3%, now owning 486,490 shares worth approximately $11.77 million.
• Curbline Properties reported a 47% year-over-year increase in revenue, totaling $41.10 million, with earnings per share of $0.26, exceeding analysts' expectations.
• The company's 52-week trading range is between $18.80 and $25.69, with recent trading values around $22.26.

Boothbay Fund Management LLC boosted its stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 26.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 486,490 shares of the company's stock after buying an additional 101,284 shares during the period. Boothbay Fund Management LLC owned approximately 0.46% of Curbline Properties worth $11,768,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. GF Fund Management CO. LTD. purchased a new stake in shares of Curbline Properties in the fourth quarter worth $40,000. Smartleaf Asset Management LLC increased its stake in Curbline Properties by 37.8% during the 1st 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 raised 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 worth $51,000 after buying an additional 1,451 shares during the last quarter. State of Wyoming bought a new position in shares of Curbline Properties in the first quarter worth approximately $54,000. Finally, GAMMA Investing LLC lifted its stake in shares of Curbline Properties by 91.1% in the first 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 Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction on Friday, June 27th. The shares were 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 owned 176,560 shares of the company's stock, valued at $4,027,333.60. The trade was a 13.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 8.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH initiated coverage on Curbline Properties in a research note on Tuesday. They set 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 MarketBeat.com, Curbline Properties currently has a consensus rating of "Hold" and an average price target of $25.59.

Curbline Properties Price Performance

CURB stock traded down $0.06 during trading on Tuesday, reaching $22.52. The stock had a trading volume of 208,912 shares, compared to its average volume of 598,690. The company has a quick ratio of 13.40, a current ratio of 13.40 and a debt-to-equity ratio of 0.05. The stock's 50 day moving average is $22.58 and its two-hundred day moving average is $23.00. 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, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $41.10 million for the quarter, compared to analysts' expectations of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The business's quarterly revenue was up 47.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.19 EPS. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

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.