T. Rowe Price Investment Management Inc. Has $160.24 Million Stock Holdings in Curbline Properties Corp. $CURB

Key Points

• T. Rowe Price Investment Management Inc. increased its stake in Curbline Properties Corp. by 28.6%, owning approximately 6,624,234 shares valued at $160.24 million.
• Curbline Properties reported $0.26 earnings per share for the last quarter, surpassing analysts' estimates, with a total revenue of $41.10 million, reflecting a 47.0% increase year-over-year.
• Analysts have a consensus rating of "Hold" on Curbline Properties, with a target price averaging $25.68, despite Morgan Stanley lowering its price objective to $26.00.

T. Rowe Price Investment Management Inc. grew its position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 28.6% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,624,234 shares of the company's stock after acquiring an additional 1,474,896 shares during the quarter. T. Rowe Price Investment Management Inc. owned 6.30% of Curbline Properties worth $160,241,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. GF Fund Management CO. LTD. acquired a new stake in shares of Curbline Properties in the fourth quarter valued at approximately $40,000. Fifth Third Bancorp boosted its holdings in Curbline Properties by 215.9% during the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after purchasing an additional 1,451 shares during the last quarter. GAMMA Investing LLC grew its position in Curbline Properties by 91.1% in the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock valued at $59,000 after purchasing an additional 1,156 shares in the last quarter. Sterling Capital Management LLC acquired a new stake in Curbline Properties in the 4th quarter valued at $69,000. Finally, Russell Investments Group Ltd. acquired a new stake in Curbline Properties in the 4th quarter valued at $130,000.

Curbline Properties Price Performance

NYSE:CURB opened at $22.30 on Thursday. Curbline Properties Corp. has a 1-year low of $18.80 and a 1-year high of $25.69. The firm has a fifty day simple moving average of $22.64 and a 200 day simple moving average of $23.21. 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 posted its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm had revenue of $41.10 million for the quarter, compared to analyst estimates of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The company's quarterly revenue was up 47.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, sell-side analysts expect that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reduced their price objective on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company in a research note on Thursday, April 24th. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $25.68.

Insider Activity

In related news, EVP Conor Fennerty sold 28,000 shares of the firm'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 completion of the sale, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This trade represents a 13.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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.

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