Nisa Investment Advisors LLC Reduces Stock Holdings in Curbline Properties Corp. (NYSE:CURB)

Nisa Investment Advisors LLC decreased its holdings in Curbline Properties Corp. (NYSE:CURB) by 8.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 31,651 shares of the company’s stock after selling 2,870 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Curbline Properties were worth $771,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CURB. Quadrant Capital Group LLC purchased a new position in Curbline Properties during the fourth quarter valued at $31,000. Covestor Ltd lifted its position in Curbline Properties by 390.2% during the fourth quarter. Covestor Ltd now owns 1,593 shares of the company’s stock valued at $37,000 after buying an additional 1,268 shares during the period. GF Fund Management CO. LTD. purchased a new position in Curbline Properties during the fourth quarter valued at $40,000. Fifth Third Bancorp lifted its position in Curbline Properties by 215.9% during the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company’s stock valued at $51,000 after buying an additional 1,451 shares during the period. Finally, GAMMA Investing LLC lifted its position in Curbline Properties by 91.1% during the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company’s stock valued at $59,000 after buying an additional 1,156 shares during the period.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered their price objective on Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.68.

Insider Buying and Selling

In related news, EVP Conor Fennerty sold 28,000 shares of Curbline Properties 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 completion of the sale, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This trade represents a 13.69% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.60% of the company’s stock.

Curbline Properties Trading Down 1.4%

CURB opened at $22.52 on Wednesday. The stock has a 50-day moving average price of $22.83 and a 200-day moving average price of $23.41. The company has a quick ratio of 27.77, a current ratio of 27.77 and a debt-to-equity ratio of 0.05. Curbline Properties Corp. has a 1 year low of $20.16 and a 1 year high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings results on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. The company had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. The firm’s revenue was up 38.2% on a year-over-year basis. On average, equities research analysts anticipate that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were issued a $0.16 dividend. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.64 annualized dividend and a yield of 2.84%.

Curbline Properties 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.