Russell Investments Group Ltd. Acquires 322,608 Shares of 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. boosted its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 5,792.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 328,177 shares of the company's stock after buying an additional 322,608 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.31% of Curbline Properties worth $7,938,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. GF Fund Management CO. LTD. purchased a new stake in Curbline Properties in the fourth quarter worth approximately $40,000. Fifth Third Bancorp boosted its stake in Curbline Properties by 215.9% in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Curbline Properties by 91.1% in 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 in the last quarter. Sterling Capital Management LLC purchased a new stake in Curbline Properties in the fourth quarter worth approximately $69,000. Finally, KBC Group NV lifted its position in Curbline Properties by 48.4% in the first quarter. KBC Group NV now owns 5,691 shares of the company's stock valued at $138,000 after purchasing an additional 1,857 shares during the last quarter.

Curbline Properties Stock Performance

CURB stock traded down $0.44 during midday trading on Monday, hitting $22.28. The company had a trading volume of 608,381 shares, compared to its average volume of 676,866. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40. Curbline Properties Corp. has a 52 week low of $18.80 and a 52 week high of $25.69. The stock's 50 day moving average price is $22.63 and its 200 day moving average price is $23.15.

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, beating 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 firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. During the same quarter in the previous year, the company posted $0.19 earnings per share. The business's revenue was up 47.0% on a year-over-year basis. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, sell-side analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the business'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 owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 8.60% of the company's stock.

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.