Panagora Asset Management Inc. Decreases Stake 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. reduced its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 35.2% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 76,902 shares of the company's stock after selling 41,775 shares during the quarter. Panagora Asset Management Inc. owned about 0.07% of Curbline Properties worth $1,860,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. GF Fund Management CO. LTD. bought a new stake in shares of Curbline Properties in the 4th quarter worth approximately $40,000. Smartleaf Asset Management LLC grew its position in shares of Curbline Properties by 37.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company's stock worth $44,000 after buying an additional 507 shares during the last quarter. Fifth Third Bancorp grew its position in shares of Curbline Properties by 215.9% in the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after buying an additional 1,451 shares during the last quarter. State of Wyoming bought a new stake in shares of Curbline Properties in the 1st quarter worth approximately $54,000. Finally, GAMMA Investing LLC boosted its position in shares of Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after purchasing an additional 1,156 shares in the last quarter.

Curbline Properties Stock Performance

CURB traded up $0.10 during midday trading on Friday, reaching $22.91. The company's stock had a trading volume of 396,325 shares, compared to its average volume of 584,511. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40. Curbline Properties Corp. has a 1 year low of $18.80 and a 1 year high of $25.69. The stock's 50-day moving average is $22.58 and its 200-day moving average is $23.02.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The company reported $0.26 earnings per share for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The business had revenue of $41.10 million for 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 was up 47.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities research analysts expect that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Insider Buying and Selling

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction on Friday, June 27th. The stock was 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 approximately $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company 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.