Strs Ohio Purchases Shares of 425,350 Curbline Properties Corp. $CURB

Key Points

• Strs Ohio acquired a new stake of 425,350 shares in Curbline Properties Corp., valued at approximately $10.29 million, representing about 0.40% of the company's stock.
• Curbline Properties reported a quarterly EPS of $0.26, exceeding the consensus estimate by $0.02, and experienced a 47% increase in revenue compared to the same quarter last year.
• Wall Street analysts currently rate Curbline Properties with an average rating of "Hold" and set a price target of $25.59 for the stock.

Strs Ohio purchased a new position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 425,350 shares of the company's stock, valued at approximately $10,289,000. Strs Ohio owned approximately 0.40% of Curbline Properties at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. TCW Group Inc. grew its holdings in shares of Curbline Properties by 5.4% during the first quarter. TCW Group Inc. now owns 127,199 shares of the company's stock worth $3,077,000 after buying an additional 6,499 shares in the last quarter. GAMMA Investing LLC grew its holdings 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 buying an additional 57,392 shares in the last quarter. Diamond Hill Capital Management Inc. grew its holdings 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 buying an additional 70,276 shares in the last quarter. Deutsche Bank AG grew its holdings 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 buying an additional 97,259 shares in the last quarter. Finally, Ameriprise Financial Inc. purchased a new stake in shares of Curbline Properties during the fourth quarter worth about $5,104,000.

Wall Street Analyst Weigh In

Separately, LADENBURG THALM/SH SH began coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They set a "neutral" rating and a $25.00 price target for the company. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $25.59.

Curbline Properties Price Performance

Curbline Properties stock traded up $0.24 during trading on Thursday, reaching $22.68. The company had a trading volume of 360,455 shares, compared to its average volume of 581,958. Curbline Properties Corp. has a 12-month low of $18.80 and a 12-month high of $25.69. The stock's 50 day moving average price is $22.56 and its two-hundred day moving average price is $22.91. 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 (NYSE:CURB - Get Free Report) last released its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.24 by $0.02. The firm had revenue of $41.10 million during the quarter, compared to the consensus estimate of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. Curbline Properties's revenue was up 47.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, sell-side analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of Curbline Properties stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the transaction, the executive vice president directly owned 176,560 shares of the company's stock, valued at $4,027,333.60. The trade was a 13.69% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. 8.60% of the stock is currently owned by company insiders.

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.