T. Rowe Price Investment Management Inc. Has $160.24 Million Stake 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 stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 28.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,624,234 shares of the company's stock after purchasing an additional 1,474,896 shares during the period. T. Rowe Price Investment Management Inc. owned about 6.30% of Curbline Properties worth $160,241,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wells Fargo & Company MN bought a new stake in shares of Curbline Properties during the fourth quarter worth $1,316,000. Russell Investments Group Ltd. acquired a new stake in shares of Curbline Properties during the 4th quarter valued at $130,000. Bank of Montreal Can acquired a new position in Curbline Properties in the 4th quarter worth about $259,000. Invesco Ltd. acquired a new position in Curbline Properties in the 4th quarter worth about $10,183,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Curbline Properties during the fourth quarter valued at about $232,000.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was 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 in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 8.60% of the company's stock.

Curbline Properties Trading Up 1.0%

NYSE CURB traded up $0.23 on Tuesday, hitting $22.53. The company's stock had a trading volume of 103,698 shares, compared to its average volume of 592,367. Curbline Properties Corp. has a 1-year low of $18.80 and a 1-year high of $25.69. The company's 50-day moving average is $22.63 and its 200 day moving average is $23.15. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05.

Curbline Properties (NYSE:CURB - Get Free Report) last announced its earnings results on Monday, July 28th. The company reported $0.26 EPS for the quarter, topping 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 for the quarter, compared to the consensus estimate of $37.67 million. During the same period in the previous year, the business earned $0.19 EPS. The business's quarterly revenue was up 47.0% compared to the same quarter last year. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, equities analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

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.