TD Asset Management Inc Buys 20,758 Shares of Curbline Properties Corp. (NYSE:CURB)

Key Points

• TD Asset Management Inc increased its stake in Curbline Properties Corp. by 21.8%, acquiring an additional 20,758 shares, bringing its total ownership to 115,958 shares valued at approximately $2.8 million.
• Analysts have rated Curbline Properties with an average rating of "Hold" and a revised target price of $26.00, down from $27.00, indicating cautious sentiment going forward.
• Curbline Properties recently reported a net margin of 11.74% and a return on equity of 1.01%, with a substantial revenue increase of 47% year-over-year in its latest quarterly earnings.

TD Asset Management Inc boosted its stake in Curbline Properties Corp. (NYSE:CURB - Free Report) by 21.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 115,958 shares of the company's stock after purchasing an additional 20,758 shares during the quarter. TD Asset Management Inc owned about 0.11% of Curbline Properties worth $2,805,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of CURB. Invesco Ltd. bought a new position in Curbline Properties in the fourth quarter valued at about $10,183,000. GAMMA Investing LLC grew its position in Curbline Properties by 4,522.6% in the first quarter. GAMMA Investing LLC now owns 58,661 shares of the company's stock valued at $1,419,000 after acquiring an additional 57,392 shares during the last quarter. Diamond Hill Capital Management Inc. grew its position in Curbline Properties by 85.7% in the first quarter. Diamond Hill Capital Management Inc. now owns 152,242 shares of the company's stock valued at $3,683,000 after acquiring an additional 70,276 shares during the last quarter. Deutsche Bank AG grew its position in Curbline Properties by 508.6% in the fourth quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock valued at $2,702,000 after acquiring an additional 97,259 shares during the last quarter. Finally, Corebridge Financial Inc. bought a new position in Curbline Properties in the fourth quarter valued at about $1,174,000.

Curbline Properties Stock Down 1.1%

CURB stock traded down $0.25 during trading on Friday, hitting $21.85. The company had a trading volume of 565,844 shares, compared to its average volume of 639,702. The business has a 50-day moving average of $22.74 and a 200-day moving average of $23.37. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40.

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, beating 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 business had revenue of $41.10 million for the quarter, compared to analysts' expectations of $37.67 million. During the same period in the prior year, the business posted $0.19 earnings per share. The firm's revenue was up 47.0% on a year-over-year basis. As a group, analysts expect 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 was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were paid a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.64 annualized dividend and a yield of 2.9%.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was sold at an average price of $22.81, for a total value of $638,680.00. Following the transaction, the executive vice president directly owned 176,560 shares of the company's stock, valued at approximately $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 Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 8.60% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley reduced their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.68.

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.