XTX Topco Ltd Takes Position in Curbline Properties Corp. (NYSE:CURB)

Key Points

• XTX Topco Ltd has invested approximately $631,000 in Curbline Properties by acquiring 26,093 shares in the first quarter, as reported in a recent SEC filing.
• Curbline Properties announced a quarterly dividend of $0.16 per share, translating to an annualized dividend yield of 2.9%.
• Despite strong earnings performance, analysts have mixed opinions on the stock, with an average rating of "Hold" and a reduced target price of $26.00 from Morgan Stanley.

XTX Topco Ltd purchased a new position in Curbline Properties Corp. (NYSE:CURB - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 26,093 shares of the company's stock, valued at approximately $631,000.

Several other institutional investors and hedge funds also recently modified their holdings of the business. TCW Group Inc. lifted its holdings in shares of Curbline Properties by 5.4% in the first quarter. TCW Group Inc. now owns 127,199 shares of the company's stock valued at $3,077,000 after buying an additional 6,499 shares during the period. TD Asset Management Inc lifted its holdings in shares of Curbline Properties by 21.8% in the first quarter. TD Asset Management Inc now owns 115,958 shares of the company's stock valued at $2,805,000 after buying an additional 20,758 shares during the period. Diamond Hill Capital Management Inc. lifted its holdings in shares of 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 buying an additional 70,276 shares during the period. Wakefield Asset Management LLLP acquired a new stake in shares of Curbline Properties in the first quarter valued at $1,083,000. Finally, Allianz Asset Management GmbH acquired a new stake in shares of Curbline Properties in the first quarter valued at $1,316,000.

Analysts Set New Price Targets

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

Curbline Properties Price Performance

Shares of NYSE CURB traded down $0.46 during mid-day trading on Friday, hitting $22.11. 465,497 shares of the company traded hands, compared to its average volume of 669,429. Curbline Properties Corp. has a 1 year low of $18.80 and a 1 year 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. The business has a 50 day moving average of $22.71 and a two-hundred day moving average of $23.33.

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 during the quarter, compared to the consensus estimate of $37.67 million. During the same period in the prior year, the business posted $0.19 earnings per share. Curbline Properties's revenue was up 47.0% compared to the same quarter last year. As a group, analysts predict that Curbline Properties Corp. will post 1 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Conor Fennerty sold 28,000 shares of the company's stock in a transaction dated 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 owned 176,560 shares in the company, valued at $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 is available at 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.