Curbline Properties Corp. (NYSE:CURB) Shares Sold by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. trimmed its stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 14.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 675,119 shares of the company's stock after selling 113,837 shares during the period. Sumitomo Mitsui Trust Group Inc. owned approximately 0.64% of Curbline Properties worth $16,331,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Quadrant Capital Group LLC acquired a new position in shares of Curbline Properties during the 4th quarter worth $31,000. Smartleaf Asset Management LLC acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $31,000. Covestor Ltd grew its position in shares of Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock valued at $37,000 after purchasing an additional 1,268 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Curbline Properties during the 4th quarter valued at $40,000. Finally, Fifth Third Bancorp grew its holdings in Curbline Properties by 215.9% during the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock valued at $51,000 after buying an additional 1,451 shares during the last quarter.

Insider Transactions at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were 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. This represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 8.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley decreased their price objective on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $25.68.

Curbline Properties Trading Down 2.2%

Shares of NYSE CURB traded down $0.51 during midday trading on Monday, hitting $22.39. The stock had a trading volume of 580,949 shares, compared to its average volume of 693,952. The company has a debt-to-equity ratio of 0.05, a quick ratio of 27.77 and a current ratio of 27.77. Curbline Properties Corp. has a 1-year low of $20.16 and a 1-year high of $25.69. The company has a fifty day moving average price of $22.91 and a 200 day moving average price of $23.46.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The business had revenue of $38.44 million for the quarter, compared to analyst estimates of $34.51 million. The business's revenue for the quarter was up 38.2% on a year-over-year basis. As a group, equities research analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Wednesday, June 18th. This represents a $0.64 annualized dividend and a yield of 2.86%.

Curbline Properties 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.