Charles Schwab Investment Management Inc. Cuts Stake in Curbline Properties Corp. $CURB

Charles Schwab Investment Management Inc. reduced its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 6.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,607,054 shares of the company's stock after selling 106,629 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.53% of Curbline Properties worth $38,875,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. purchased a new stake in Curbline Properties in the 4th quarter worth about $119,568,000. GRS Advisors LLC purchased a new position in shares of Curbline Properties during the fourth quarter worth approximately $51,890,000. Balyasny Asset Management L.P. purchased a new position in shares of Curbline Properties during the fourth quarter worth approximately $38,853,000. Nuveen Asset Management LLC purchased a new position in shares of Curbline Properties during 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 worth approximately $35,420,000.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley reduced their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $25.68.

Insider Buying and Selling

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

Curbline Properties Trading Up 2.1%

Shares of NYSE:CURB traded up $0.4690 during trading on Friday, reaching $22.6890. 150,414 shares of the company were exchanged, compared to its average volume of 590,748. The business's fifty day simple moving average is $22.63 and its 200-day simple moving average is $23.20. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40. Curbline Properties Corp. has a 12-month low of $18.80 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. Curbline Properties's revenue for the quarter was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, equities analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current 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.