Charles Schwab Investment Management Inc. decreased its stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 6.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,607,054 shares of the company's stock after selling 106,629 shares during the period. Charles Schwab Investment Management Inc. owned 1.53% of Curbline Properties worth $38,875,000 at the end of the most recent reporting period.
Several other large investors have also modified their holdings of CURB. GF Fund Management CO. LTD. acquired a new position in shares of Curbline Properties in the 4th quarter valued at $40,000. Fifth Third Bancorp boosted its holdings 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 valued at $51,000 after buying an additional 1,451 shares in the last quarter. GAMMA Investing LLC boosted its holdings in shares of Curbline Properties by 91.1% in the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after buying an additional 1,156 shares in the last quarter. Sterling Capital Management LLC acquired a new position in shares of Curbline Properties in the 4th quarter valued at $69,000. Finally, Russell Investments Group Ltd. acquired a new position in shares of Curbline Properties in the 4th quarter valued at $130,000.
Analysts Set New Price Targets
Separately, Morgan Stanley decreased their price target on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $25.68.
Read Our Latest Analysis on Curbline Properties
Curbline Properties Stock Performance
Shares of NYSE:CURB opened at $22.42 on Monday. The firm has a fifty day moving average price of $22.68 and a 200 day moving average price of $23.24. 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 1-year low of $18.80 and a 1-year 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, topping analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $41.10 million during 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%. Curbline Properties's quarterly revenue was up 47.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.19 EPS. On average, equities analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current fiscal year.
Insider Buying and Selling
In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the company'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 transaction, the executive vice president owned 176,560 shares in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their position. The sale was disclosed in a 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 Profile
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Free Report)
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.
Further Reading
Want to see what other hedge funds are holding CURB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Curbline Properties Corp. (NYSE:CURB - Free Report).
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