Millennium Management LLC Boosts Stock Position in Curbline Properties Corp. $CURB

Key Points

• Millennium Management LLC has increased its stake in Curbline Properties Corp. by 12.3%, acquiring an additional 184,560 shares, bringing its total ownership to 1,689,481 shares valued at approximately $40.9 million.
• Analysts have a consensus rating of "Hold" for Curbline Properties, with a price target of $25.59, reflecting mixed sentiment among market experts.
• In its latest quarter, Curbline reported $0.26 EPS, exceeding estimates, alongside a revenue increase of 47% compared to the previous year.

Millennium Management LLC boosted its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 12.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 1,689,481 shares of the company's stock after buying an additional 184,560 shares during the period. Millennium Management LLC owned 1.61% of Curbline Properties worth $40,869,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently added to or reduced their stakes in CURB. The Manufacturers Life Insurance Company acquired a new stake in Curbline Properties in the 4th quarter worth about $1,193,000. Ameriprise Financial Inc. acquired a new stake in Curbline Properties in the 4th quarter worth about $5,104,000. BNP Paribas Financial Markets purchased a new position in shares of Curbline Properties in the 4th quarter worth about $280,000. Bank of America Corp DE purchased a new position in shares of Curbline Properties in the 4th quarter worth about $3,612,000. Finally, Deutsche Bank AG raised its holdings in shares of Curbline Properties by 508.6% in the 4th quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock worth $2,702,000 after purchasing an additional 97,259 shares during the period.

Curbline Properties Trading Down 1.6%

Shares of NYSE:CURB traded down $0.37 during mid-day trading on Friday, hitting $22.50. 451,495 shares of the company traded hands, compared to its average volume of 569,133. 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 52-week low of $18.80 and a 52-week high of $25.69. The firm's 50 day simple moving average is $22.55 and its 200 day simple moving average is $22.96.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The business had revenue of $41.10 million for the quarter, compared to the consensus estimate of $37.67 million. During the same period last year, the business posted $0.19 EPS. The company's revenue was up 47.0% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, analysts forecast that Curbline Properties Corp. will post 1 EPS for the current year.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of Curbline Properties stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president directly owned 176,560 shares in the company, valued at $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction 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 corporate insiders.

Wall Street Analysts Forecast Growth

Separately, LADENBURG THALM/SH SH started coverage on Curbline Properties in a report on Tuesday. They issued a "neutral" rating and a $25.00 price objective on the stock. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $25.59.

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.