GAMMA Investing LLC Purchases 57,392 Shares of Curbline Properties Corp. (NYSE:CURB)

GAMMA Investing LLC grew its position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 4,522.6% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 58,661 shares of the company's stock after buying an additional 57,392 shares during the quarter. GAMMA Investing LLC owned 0.06% of Curbline Properties worth $1,419,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Amundi purchased a new position in Curbline Properties during the fourth quarter valued at $1,194,000. Invesco Ltd. purchased a new position in Curbline Properties during the fourth quarter valued at $10,183,000. Rhumbline Advisers purchased a new position in Curbline Properties during the fourth quarter valued at $6,986,000. Corebridge Financial Inc. purchased a new position in Curbline Properties during the fourth quarter valued at $1,174,000. Finally, Deutsche Bank AG lifted its position in Curbline Properties by 508.6% during the fourth quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock valued at $2,702,000 after purchasing an additional 97,259 shares in the last quarter.

Curbline Properties Stock Performance

NYSE:CURB traded up $0.04 on Wednesday, reaching $22.58. 377,824 shares of the company's stock traded hands, compared to its average volume of 699,420. The company has a debt-to-equity ratio of 0.05, a current ratio of 27.77 and a quick ratio of 27.77. The stock has a 50-day simple moving average of $22.94 and a 200-day simple moving average of $23.52. Curbline Properties Corp. has a 12 month low of $20.16 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million for the quarter, compared to the consensus estimate of $34.51 million. Curbline Properties's revenue was up 38.2% compared to the same quarter last year. On average, research analysts predict that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 2.83%.

Analyst Ratings Changes

Separately, Morgan Stanley lowered their target price on 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. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.68.

Curbline Properties 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.