Curbline Properties Corp. $CURB Shares Bought by Wellington Management Group LLP

Key Points

• Wellington Management Group LLP significantly increased its stake in Curbline Properties Corp. (CURB) by 3,409.1%, acquiring 1,432,024 shares worth approximately $34.64 million in the first quarter of 2023.
• Curbline Properties reported a 47% increase in quarterly revenue year-over-year, achieving earnings of $0.26 per share, which surpassed analysts' expectations.
• The company is currently trading at around $22.68, with a debt-to-equity ratio of 0.05 and a one-year stock price range between $18.80 and $25.69.

Wellington Management Group LLP grew its holdings in Curbline Properties Corp. (NYSE:CURB - Free Report) by 3,409.1% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 1,432,024 shares of the company's stock after buying an additional 1,391,215 shares during the period. Wellington Management Group LLP owned 1.36% of Curbline Properties worth $34,641,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. GF Fund Management CO. LTD. purchased a new position in Curbline Properties during the fourth quarter worth about $40,000. Fifth Third Bancorp raised its holdings in Curbline Properties by 215.9% during the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after purchasing an additional 1,451 shares in the last quarter. GAMMA Investing LLC raised its holdings in Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after purchasing an additional 1,156 shares in the last quarter. KBC Group NV raised its holdings in Curbline Properties by 48.4% during the first quarter. KBC Group NV now owns 5,691 shares of the company's stock worth $138,000 after purchasing an additional 1,857 shares in the last quarter. Finally, Virtus ETF Advisers LLC purchased a new position in Curbline Properties during the fourth quarter worth about $139,000.

Curbline Properties Stock Down 0.3%

NYSE CURB traded down $0.07 during trading hours on Friday, hitting $22.50. 320,095 shares of the stock were exchanged, compared to its average volume of 623,394. Curbline Properties Corp. has a 12-month low of $18.80 and a 12-month high of $25.69. The stock has a 50-day moving average of $22.62 and a 200 day moving average of $23.10. 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 posted its quarterly earnings results on Monday, July 28th. The company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.02. The firm 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%. The firm's revenue for the quarter was up 47.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. Sell-side analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction dated Friday, June 27th. The shares were 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 8.60% of the company's stock.

About Curbline Properties

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.