Quantbot Technologies LP Takes Position in Curbline Properties Corp. $CURB

Key Points

• Quantbot Technologies LP acquired a new stake in Curbline Properties Corp. worth approximately $439,000, purchasing 18,146 shares in the first quarter of 2023.
• Executive Vice President Conor Fennerty sold 28,000 shares of Curbline Properties at an average price of $22.81, resulting in a 13.69% decrease in his ownership.
• Curbline Properties reported a 47.0% increase in revenue year-over-year, with quarterly earnings of $0.26 per share exceeding analysts' estimates of $0.24.

Quantbot Technologies LP acquired a new stake in Curbline Properties Corp. (NYSE:CURB - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 18,146 shares of the company's stock, valued at approximately $439,000.

Other large investors have also modified their holdings of the company. TCW Group Inc. increased its holdings in shares of Curbline Properties by 5.4% in the first quarter. TCW Group Inc. now owns 127,199 shares of the company's stock valued at $3,077,000 after purchasing an additional 6,499 shares during the period. GAMMA Investing LLC raised its stake in shares of Curbline Properties by 4,522.6% during the first quarter. GAMMA Investing LLC now owns 58,661 shares of the company's stock worth $1,419,000 after purchasing an additional 57,392 shares during the last quarter. Diamond Hill Capital Management Inc. raised its stake in shares of Curbline Properties by 85.7% during the first quarter. Diamond Hill Capital Management Inc. now owns 152,242 shares of the company's stock worth $3,683,000 after purchasing an additional 70,276 shares during the last quarter. Deutsche Bank AG raised its stake in shares of Curbline Properties by 508.6% during the fourth 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 last quarter. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Curbline Properties during the fourth quarter worth approximately $1,193,000.

Curbline Properties Trading Down 0.3%

Shares of Curbline Properties stock traded down $0.07 during trading hours on Monday, hitting $22.50. 320,095 shares of the company were exchanged, compared to its average volume of 611,107. Curbline Properties Corp. has a 1 year low of $18.80 and a 1 year high of $25.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40. The business has a 50-day moving average of $22.61 and a 200-day moving average of $23.07.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly 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. 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 during the quarter, compared to analysts' expectations of $37.67 million. During the same quarter in the prior year, the business earned $0.19 earnings per share. The company'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 expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Insider Activity at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the executive vice president directly owned 176,560 shares of the company's stock, valued at $4,027,333.60. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.60% of the stock is owned by company insiders.

About Curbline Properties

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.