Sumitomo Mitsui Trust Group Inc. lessened its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 14.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 675,119 shares of the company's stock after selling 113,837 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.64% of Curbline Properties worth $16,331,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in CURB. Smartleaf Asset Management LLC bought a new position in Curbline Properties during the 4th quarter worth $31,000. Quadrant Capital Group LLC acquired a new stake in Curbline Properties in the fourth quarter valued at about $31,000. Covestor Ltd boosted its stake in 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 buying an additional 1,268 shares in the last quarter. GF Fund Management CO. LTD. acquired a new stake in Curbline Properties in the fourth quarter valued at about $40,000. Finally, 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 valued at $51,000 after buying an additional 1,451 shares in the last quarter.
Analyst Ratings Changes
Separately, Morgan Stanley reduced 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 assigned a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $25.68.
Read Our Latest Stock Analysis on CURB
Curbline Properties Stock Performance
Shares of CURB stock traded down $0.02 during mid-day trading on Friday, reaching $22.90. 219,202 shares of the stock traded hands, compared to its average volume of 694,550. The stock's fifty day simple moving average is $22.93 and its two-hundred day simple moving average is $23.43. Curbline Properties Corp. has a 1-year low of $20.16 and a 1-year high of $25.69. 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 (NYSE:CURB - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting analysts' consensus estimates of $0.24. The firm had revenue of $38.44 million for the quarter, compared to analyst estimates of $34.51 million. Curbline Properties's revenue for the quarter was up 38.2% compared to the same quarter last year. Equities analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.
Curbline Properties Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th will be given a dividend of $0.16 per share. The ex-dividend date is Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.79%.
Insider Activity
In other news, EVP Conor Fennerty sold 28,000 shares of the firm's stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the transaction, the executive vice president directly owned 176,560 shares in the company, valued at $4,027,333.60. This trade represents a 13.69% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.
About Curbline Properties
(
Free Report)
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.
Recommended Stories
Before you consider Curbline Properties, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Curbline Properties wasn't on the list.
While Curbline Properties currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
With the proliferation of data centers and electric vehicles, the electric grid will only get more strained. Download this report to learn how energy stocks can play a role in your portfolio as the global demand for energy continues to grow.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
