Victory Capital Management Inc. Sells 36,699 Shares of Curbline Properties Corp. (NYSE:CURB)

Victory Capital Management Inc. decreased its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 3.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 1,082,027 shares of the company's stock after selling 36,699 shares during the period. Victory Capital Management Inc. owned approximately 1.03% of Curbline Properties worth $26,174,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in CURB. Invesco Ltd. bought a new stake in Curbline Properties during the 4th quarter worth about $10,183,000. GAMMA Investing LLC boosted its stake in shares of Curbline Properties by 4,522.6% during the 1st quarter. GAMMA Investing LLC now owns 58,661 shares of the company's stock worth $1,419,000 after buying an additional 57,392 shares during the last quarter. Deutsche Bank AG boosted its stake in shares of Curbline Properties by 508.6% during the 4th quarter. Deutsche Bank AG now owns 116,381 shares of the company's stock worth $2,702,000 after buying an additional 97,259 shares during the last quarter. Corebridge Financial Inc. acquired a new position in shares of Curbline Properties during the 4th quarter worth about $1,174,000. Finally, The Manufacturers Life Insurance Company acquired a new position in shares of Curbline Properties during the 4th quarter worth about $1,193,000.

Curbline Properties Trading Up 0.0%

CURB stock opened at $22.95 on Tuesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 27.77 and a quick ratio of 27.77. Curbline Properties Corp. has a one year low of $20.16 and a one year high of $25.69. The firm has a 50 day simple moving average of $22.79 and a two-hundred day simple moving average of $23.40.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting analysts' consensus estimates of $0.24. The company had revenue of $38.44 million during the quarter, compared to analysts' expectations of $34.51 million. Curbline Properties's revenue was up 38.2% on a year-over-year basis. On average, sell-side analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Wednesday, June 18th were given a dividend of $0.16 per share. The ex-dividend date was Wednesday, June 18th. This represents a $0.64 annualized dividend and a yield of 2.79%.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their price target 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 equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, Curbline Properties currently has an average rating of "Hold" and an average target price of $25.68.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction on 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 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.60% of the stock is owned by insiders.

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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