Panagora Asset Management Inc. Cuts Stock Holdings in Curbline Properties Corp. $CURB

Key Points

• Panagora Asset Management Inc. reduced its stake in Curbline Properties Corp. by 35.2%, now holding approximately 0.07% of the company valued at $1.86 million.
• Other hedge funds are increasing their positions in Curbline, with TCW Group, GAMMA Investing, and Diamond Hill Capital increasing holdings by 5.4%, 4,522.6%, and 85.7% respectively in the first quarter.
• Curbline Properties reported a 47.0% year-over-year revenue increase, with earnings per share of $0.26 for the latest quarter, outperforming analysts' expectations.

Panagora Asset Management Inc. decreased its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 35.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 76,902 shares of the company's stock after selling 41,775 shares during the quarter. Panagora Asset Management Inc. owned 0.07% of Curbline Properties worth $1,860,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. T. Rowe Price Investment Management Inc. raised its position in Curbline Properties by 28.6% in the first quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company's stock valued at $160,241,000 after purchasing an additional 1,474,896 shares during the period. Nuveen LLC purchased a new stake in Curbline Properties in the first quarter valued at approximately $56,521,000. GRS Advisors LLC purchased a new stake in Curbline Properties in the fourth quarter valued at approximately $51,890,000. Balyasny Asset Management L.P. purchased a new stake in Curbline Properties in the fourth quarter valued at approximately $38,853,000. Finally, Nuveen Asset Management LLC purchased a new stake in Curbline Properties in the fourth quarter valued at approximately $35,782,000.

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 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 owned 176,560 shares of the company's stock, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 8.60% of the company's stock.

Curbline Properties Stock Down 0.8%

NYSE CURB traded down $0.18 on Monday, reaching $22.78. The stock had a trading volume of 84,887 shares, compared to its average volume of 598,060. The company has a quick ratio of 13.40, a current 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. The stock has a fifty day moving average price of $22.58 and a two-hundred day moving average price of $23.01.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The company had revenue of $41.10 million for the quarter, compared to analyst estimates of $37.67 million. During the same quarter in the previous year, the company earned $0.19 earnings per share. The firm's quarterly revenue was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, equities research analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current 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.