Boothbay Fund Management LLC Boosts Stake in 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 raised its holdings in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 26.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 486,490 shares of the company's stock after purchasing 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 quarter.

Several other hedge funds have also recently modified their holdings of CURB. T. Rowe Price Investment Management Inc. boosted its position in shares of Curbline Properties by 28.6% during the first quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company's stock valued at $160,241,000 after buying an additional 1,474,896 shares during the last quarter. Nuveen LLC bought a new position in Curbline Properties during the 1st quarter valued at about $56,521,000. GRS Advisors LLC purchased a new stake in shares of Curbline Properties during the 4th quarter valued at about $51,890,000. Nuveen Asset Management LLC bought a new stake in shares of Curbline Properties in the fourth quarter worth approximately $35,782,000. Finally, Frontier Capital Management Co. LLC purchased a new position in shares of Curbline Properties during the fourth quarter valued at approximately $35,420,000.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the firm's 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 transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 8.60% of the company's stock.

Curbline Properties Stock Down 1.7%

CURB stock traded down $0.39 on Monday, hitting $22.56. The company had a trading volume of 573,310 shares, compared to its average volume of 600,998. 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 12-month low of $18.80 and a 12-month high of $25.69. The stock's 50-day simple moving average is $22.58 and its 200 day simple moving average is $23.01.

Curbline Properties (NYSE:CURB - Get Free Report) last released 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. The firm had revenue of $41.10 million for the quarter, compared to analysts' expectations of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The company's revenue was up 47.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.19 EPS. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, research 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.