Russell Investments Group Ltd. Raises Holdings in Curbline Properties Corp. $CURB

Key Points

• Russell Investments Group Ltd. increased its stake in Curbline Properties Corp. by 5,792.9%, purchasing an additional 322,608 shares, bringing its total ownership to 328,177 shares valued at approximately $7.94 million.
• In addition to Russell Investments, several institutional investors, including HighTower Advisors LLC and Public Sector Pension Investment Board, also boosted their holdings in Curbline Properties during the 1st quarter of the year.
• Wall Street analysts currently rate Curbline Properties with an average rating of "Hold", with a consensus target price of $25.68 despite Morgan Stanley lowering their price objective to $26.00.

Russell Investments Group Ltd. raised its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 5,792.9% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 328,177 shares of the company's stock after purchasing an additional 322,608 shares during the quarter. Russell Investments Group Ltd. owned 0.31% of Curbline Properties worth $7,938,000 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 CURB. T. Rowe Price Investment Management Inc. purchased a new stake in Curbline Properties in the fourth quarter valued at $119,568,000. Nuveen LLC purchased a new stake in Curbline Properties in the first quarter valued at $56,521,000. GRS Advisors LLC purchased a new stake in Curbline Properties in the fourth quarter valued at $51,890,000. Balyasny Asset Management L.P. purchased a new stake in Curbline Properties in the fourth quarter valued at $38,853,000. Finally, Nuveen Asset Management LLC purchased a new stake in Curbline Properties in the fourth quarter valued at $35,782,000.

Curbline Properties Trading Up 2.1%

NYSE:CURB traded up $0.46 on Friday, reaching $22.68. The company's stock had a trading volume of 914,674 shares, compared to its average volume of 662,716. 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. The stock has a 50 day moving average price of $22.63 and a 200 day moving average price of $23.17.

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

Insider Activity

In related 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 owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate 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.