Diamond Hill Capital Management Inc. Raises Holdings in Curbline Properties Corp. (NYSE:CURB)

Key Points

• Diamond Hill Capital Management Inc. raised its stake in Curbline Properties Corp. by 85.7%, now owning about 0.14% of the company, valued at approximately $3.68 million following a recent filing.
• The latest earnings report for Curbline Properties showed $0.24 earnings per share and revenue of $38.44 million, exceeding analyst expectations.
• Curbline Properties recently declared a quarterly dividend of $0.16 per share, translating to an annualized dividend of $0.64 and a yield of 2.80%.

Diamond Hill Capital Management Inc. grew its position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 85.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 152,242 shares of the company's stock after acquiring an additional 70,276 shares during the quarter. Diamond Hill Capital Management Inc. owned about 0.14% of Curbline Properties worth $3,683,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Quadrant Capital Group LLC bought a new stake in shares of Curbline Properties during the fourth quarter valued at approximately $31,000. Covestor Ltd grew its holdings in Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in Curbline Properties during the fourth quarter worth $40,000. Fifth Third Bancorp grew its holdings in Curbline Properties by 215.9% during 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 in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Curbline Properties by 91.1% during 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.

Wall Street Analyst Weigh In

Separately, Morgan Stanley decreased their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Stock Performance

NYSE:CURB traded up $0.31 during trading on Monday, reaching $23.17. The company's stock had a trading volume of 97,881 shares, compared to its average volume of 580,394. The company has a quick ratio of 27.77, a current ratio of 27.77 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $22.76 and a 200-day moving average of $23.40. 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 announced its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.24. The business had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. The business's revenue was up 38.2% on a year-over-year basis. Equities analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were paid a $0.16 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 2.76%.

Insider Transactions at Curbline Properties

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 stock was 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 in the company, valued at $4,027,333.60. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Curbline Properties Company 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.