M&T Bank Corp Makes New Investment in Curbline Properties Corp. (NYSE:CURB)

M&T Bank Corp acquired a new position in Curbline Properties Corp. (NYSE:CURB) during the first quarter, according to its most recent filing with the SEC. The firm acquired 8,448 shares of the company’s stock, valued at approximately $205,000.

A number of other hedge funds have also added to or reduced their stakes in CURB. Principal Financial Group Inc. grew its stake in Curbline Properties by 3.2% in the first quarter. Principal Financial Group Inc. now owns 560,056 shares of the company’s stock worth $13,548,000 after purchasing an additional 17,160 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Curbline Properties by 33.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 21,651 shares of the company’s stock valued at $524,000 after purchasing an additional 5,405 shares in the last quarter. KBC Group NV raised its holdings in Curbline Properties by 48.4% in the 1st quarter. KBC Group NV now owns 5,691 shares of the company’s stock worth $138,000 after acquiring an additional 1,857 shares during the last quarter. Asset Management One Co. Ltd. raised its stake in shares of Curbline Properties by 43.6% in the first quarter. Asset Management One Co. Ltd. now owns 199,285 shares of the company’s stock worth $4,821,000 after purchasing an additional 60,499 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in Curbline Properties by 215.9% in the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company’s stock worth $51,000 after buying an additional 1,451 shares during the last quarter.

Analysts Set New Price Targets

Separately, Morgan Stanley lowered their target price on 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 issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $25.68.

Curbline Properties Trading Down 0.8%

Shares of CURB stock opened at $22.94 on Friday. The company has a current ratio of 27.77, a quick ratio of 27.77 and a debt-to-equity ratio of 0.05. The stock has a fifty day simple moving average of $22.80 and a two-hundred day simple moving average of $23.40. Curbline Properties Corp. has a 52-week low of $20.16 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB) last posted its earnings results on Thursday, April 24th. The company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. The company had revenue of $38.44 million for the quarter, compared to analysts’ expectations of $34.51 million. The firm’s revenue for the quarter was up 38.2% compared to the same quarter last year. As a group, analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Dividend Announcement

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

Insider Activity at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the firm’s stock in a transaction that occurred on 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 of the company’s stock, valued at $4,027,333.60. This trade represents a 13.69% decrease in their position. The transaction 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.