Vanguard Group Inc. Has $353.60 Million Stake in Curbline Properties Corp. $CURB

Key Points

• Vanguard Group Inc. reduced its holdings in Curbline Properties Corp. by 1.2% during the first quarter, now owning approximately 13.89% of the company valued at $353.6 million.
• Several hedge funds have recently adjusted their positions in Curbline Properties, including Fifth Third Bancorp which increased its holdings by 215.9%.
• Morgan Stanley lowered its price objective for Curbline Properties shares from $27.00 to $26.00, maintaining an "equal weight" rating on the stock.

Vanguard Group Inc. lessened its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,617,655 shares of the company's stock after selling 175,496 shares during the period. Vanguard Group Inc. owned about 13.89% of Curbline Properties worth $353,601,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. T. Rowe Price Investment Management Inc. bought a new position in shares of Curbline Properties in the 4th quarter valued at about $119,568,000. GRS Advisors LLC bought a new position in shares of Curbline Properties in the 4th quarter valued at about $51,890,000. Balyasny Asset Management L.P. bought a new position in shares of Curbline Properties in the 4th quarter valued at about $38,853,000. Nuveen Asset Management LLC bought a new position in shares of Curbline Properties in the 4th quarter valued at about $35,782,000. Finally, Frontier Capital Management Co. LLC acquired a new stake in shares of Curbline Properties during the 4th quarter worth about $35,420,000.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of Curbline Properties 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 owned 176,560 shares in the company, valued at $4,027,333.60. The trade was a 13.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.60% of the stock is owned by company insiders.

Curbline Properties Price Performance

Shares of NYSE CURB traded down $0.1160 during mid-day trading on Thursday, reaching $22.2240. 239,355 shares of the company were exchanged, compared to its average volume of 675,036. The company's 50-day simple moving average is $22.63 and its 200-day simple moving average is $23.20. 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 Corp. has a twelve month low of $18.80 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.24 by $0.02. The company had revenue of $41.10 million during the quarter, compared to analysts' expectations of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. Curbline Properties's quarterly revenue was up 47.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 EPS. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. On average, research analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley cut their target price 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 analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus 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.