Rhumbline Advisers Sells 13,950 Shares of Curbline Properties Corp. $CURB

Key Points

• Rhumbline Advisers reduced its stake in Curbline Properties Corp. by 4.6%, owning a total of 286,910 shares valued at $6.94 million as of the latest quarter.
• Multiple investors including Smartleaf Asset Management and Fifth Third Bancorp increased their holdings in Curbline Properties, with Fifth Third Bancorp raising its stake by an impressive 215.9% during the same period.
• Curbline Properties recently reported earnings of $0.26 EPS, surpassing estimates, and set a FY 2025 guidance of 0.990-1.020 EPS. The stock's current consensus rating is "Hold" with a target price of $25.59.

Rhumbline Advisers lowered its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 4.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 286,910 shares of the company's stock after selling 13,950 shares during the period. Rhumbline Advisers owned about 0.27% of Curbline Properties worth $6,940,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in CURB. GF Fund Management CO. LTD. purchased a new stake in Curbline Properties during the fourth quarter worth about $40,000. Smartleaf Asset Management LLC increased its holdings in Curbline Properties by 37.8% during the first 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 increased its holdings in Curbline Properties by 215.9% during the first 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 purchased a new stake in Curbline Properties during the first quarter worth about $54,000. Finally, GAMMA Investing LLC increased its holdings in Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after buying an additional 1,156 shares during the last quarter.

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 shares were sold at an average price of $22.81, for a total value of $638,680.00. Following the completion of the transaction, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This trade 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. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, LADENBURG THALM/SH SH started coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They set a "neutral" rating and a $25.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Curbline Properties has a consensus rating of "Hold" and a consensus price target of $25.59.

Curbline Properties Price Performance

Shares of CURB stock traded up $0.42 during trading hours on Wednesday, reaching $22.52. The stock had a trading volume of 131,405 shares, compared to its average volume of 594,728. The stock's fifty day simple moving average is $22.55 and its 200 day simple moving average is $22.92. 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 12 month low of $18.80 and a 12 month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Monday, July 28th. The company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The company had revenue of $41.10 million during the quarter, compared to analyst estimates of $37.67 million. During the same period last year, the business earned $0.19 earnings per share. Curbline Properties's 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. As a group, analysts expect that Curbline Properties Corp. will post 1 EPS for the current year.

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.