Northern Trust Corp Has $32.46 Million Stock Holdings in Curbline Properties Corp. $CURB

Key Points

• Northern Trust Corp has reduced its stake in Curbline Properties Corp. by 1.4%, selling 18,644 shares, and now holds approximately 1,341,983 shares valued at $32.46 million.
• Executive Vice President Conor Fennerty sold 28,000 shares at an average price of $22.81, resulting in a 13.69% decrease in their position.
• Curbline Properties reported a 47% increase in revenue year-over-year for the recent quarter, with earnings per share (EPS) exceeding analysts' expectations, leading to a forecast of 0.990-1.020 EPS for FY 2025.

Northern Trust Corp decreased its holdings in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,341,983 shares of the company's stock after selling 18,644 shares during the period. Northern Trust Corp owned approximately 1.28% of Curbline Properties worth $32,463,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Algert Global LLC grew its position in Curbline Properties by 31.7% in the first quarter. Algert Global LLC now owns 74,483 shares of the company's stock worth $1,802,000 after buying an additional 17,920 shares during the last quarter. Aberdeen Group plc grew its holdings in shares of Curbline Properties by 8.5% in the 1st quarter. Aberdeen Group plc now owns 746,891 shares of the company's stock worth $18,067,000 after acquiring an additional 58,213 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Curbline Properties by 5,792.9% in the 1st quarter. Russell Investments Group Ltd. now owns 328,177 shares of the company's stock worth $7,938,000 after acquiring an additional 322,608 shares during the last quarter. Resona Asset Management Co. Ltd. raised its position in shares of Curbline Properties by 8.2% during the first quarter. Resona Asset Management Co. Ltd. now owns 41,080 shares of the company's stock worth $981,000 after purchasing an additional 3,118 shares during the period. Finally, HighTower Advisors LLC lifted its holdings in shares of Curbline Properties by 66.0% during the first quarter. HighTower Advisors LLC now owns 31,712 shares of the company's stock valued at $767,000 after purchasing an additional 12,609 shares during the last quarter.

Curbline Properties Price Performance

CURB traded up $0.53 during trading on Thursday, reaching $22.79. The company had a trading volume of 925,729 shares, compared to its average volume of 564,966. The firm's 50-day simple moving average is $22.58 and its 200 day simple moving average is $23.04. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05. 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 earnings results on Monday, July 28th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.24 by $0.02. The company had revenue of $41.10 million during the quarter, compared to analysts' expectations of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The business's revenue for the quarter was up 47.0% on a year-over-year basis. During the same period last year, the company posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Insider Buying and Selling

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 shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the transaction, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.60% of the company's stock.

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.