OVERSEA CHINESE BANKING Corp Ltd Invests $2.35 Million in Curbline Properties Corp. (NYSE:CURB)

OVERSEA CHINESE BANKING Corp Ltd bought a new stake in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 97,195 shares of the company's stock, valued at approximately $2,351,000. OVERSEA CHINESE BANKING Corp Ltd owned about 0.09% of Curbline Properties at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. Vanguard Group Inc. bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $343,497,000. FMR LLC bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $323,575,000. T. Rowe Price Investment Management Inc. bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $119,568,000. Geode Capital Management LLC bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $54,894,000. Finally, GRS Advisors LLC bought a new stake in Curbline Properties during the 4th quarter valued at $51,890,000.

Wall Street Analyst Weigh In

Separately, Morgan Stanley lowered their price target on shares of 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Trading Up 1.4%

Curbline Properties stock traded up $0.31 during mid-day trading on Thursday, reaching $23.16. 510,477 shares of the company traded hands, compared to its average volume of 686,746. 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's 50 day moving average price is $22.82 and its 200 day moving average price is $23.41. Curbline Properties Corp. has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last issued 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 company had revenue of $38.44 million for the quarter, compared to analysts' expectations of $34.51 million. Curbline Properties's quarterly revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

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

Insider Buying and Selling at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $22.81, for a total value of $638,680.00. Following the sale, the executive vice president directly owned 176,560 shares of the company's stock, valued at $4,027,333.60. This represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by corporate insiders.

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.