Invesco Ltd. Decreases Stock Holdings in Curbline Properties Corp. $CURB

Key Points

• Invesco Ltd. decreased its stake in Curbline Properties Corp. by 8.4%, owning 401,880 shares valued at approximately $9.72 million after selling 36,659 shares in the first quarter.
• Curbline Properties reported a quarterly earnings per share of $0.26, surpassing expectations and showing a 47% year-over-year revenue increase, with total revenue of $41.10 million.
• Insider activity included EVP Conor Fennerty selling 28,000 shares at an average price of $22.81, resulting in a 13.69% reduction in their position.

Invesco Ltd. reduced its stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 8.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 401,880 shares of the company's stock after selling 36,659 shares during the quarter. Invesco Ltd. owned about 0.38% of Curbline Properties worth $9,721,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CURB. GF Fund Management CO. LTD. purchased a new position in Curbline Properties during the 4th quarter worth $40,000. Fifth Third Bancorp grew its position in Curbline Properties by 215.9% during the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after purchasing an additional 1,451 shares during the last quarter. GAMMA Investing LLC grew its position in Curbline Properties by 91.1% during the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after purchasing an additional 1,156 shares during the last quarter. KBC Group NV grew its position in Curbline Properties by 48.4% during the 1st quarter. KBC Group NV now owns 5,691 shares of the company's stock worth $138,000 after purchasing an additional 1,857 shares during the last quarter. Finally, Virtus ETF Advisers LLC purchased a new position in Curbline Properties during the 4th quarter worth $139,000.

Insider Buying and Selling

In related news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president owned 176,560 shares of the company's stock, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 8.60% of the company's stock.

Curbline Properties Price Performance

Curbline Properties stock traded down $0.17 during midday trading on Friday, hitting $22.40. 86,666 shares of the company's stock were exchanged, compared to its average volume of 598,661. Curbline Properties Corp. has a 12-month low of $18.80 and a 12-month high of $25.69. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05. The firm's 50 day simple moving average is $22.63 and its 200 day simple moving average is $23.12.

Curbline Properties (NYSE:CURB - Get Free Report) last issued its 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 business had revenue of $41.10 million for 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%. The business's quarterly revenue was up 47.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. Equities research analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

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.