TD Asset Management Inc Raises Stake in 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 increased its position in shares of Curbline Properties Corp. (NYSE:CURB - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 115,958 shares of the company's stock after buying an additional 20,758 shares during the period. TD Asset Management Inc owned 0.11% of Curbline Properties worth $2,805,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CURB. Quadrant Capital Group LLC bought a new position in Curbline Properties during the 4th quarter worth approximately $31,000. Covestor Ltd raised its holdings in Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after buying an additional 1,268 shares during the period. GF Fund Management CO. LTD. acquired a new stake in Curbline Properties during the 4th quarter worth approximately $40,000. Fifth Third Bancorp raised 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 worth $51,000 after buying an additional 1,451 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Curbline Properties by 91.1% during the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after buying an additional 1,156 shares during the period.

Insider Activity at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the business'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 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company's stock.

Curbline Properties Price Performance

Shares of Curbline Properties stock traded up $0.12 during trading on Wednesday, reaching $22.58. The company's stock had a trading volume of 413,876 shares, compared to its average volume of 598,098. The business's 50-day moving average price is $22.72 and its 200-day moving average price is $23.35. Curbline Properties Corp. has a 52 week low of $18.80 and a 52 week high of $25.69. 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 issued 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 during the quarter, compared to the consensus estimate of $37.67 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The business's quarterly revenue was up 47.0% on a year-over-year basis. On average, research analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Wednesday, June 18th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.64 annualized dividend and a dividend yield of 2.8%.

Wall Street Analyst Weigh In

Separately, Morgan Stanley dropped their target price on shares of 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 research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price 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.