Curbline Properties Corp. $CURB Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd cut its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 18.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,611 shares of the company’s stock after selling 3,464 shares during the quarter. IFM Investors Pty Ltd’s holdings in Curbline Properties were worth $356,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. T. Rowe Price Investment Management Inc. raised its stake in Curbline Properties by 28.6% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock valued at $160,241,000 after acquiring an additional 1,474,896 shares in the last quarter. Nuveen LLC acquired a new stake in Curbline Properties in the first quarter worth approximately $56,521,000. Millennium Management LLC grew its holdings in Curbline Properties by 12.3% during the first quarter. Millennium Management LLC now owns 1,689,481 shares of the company’s stock worth $40,869,000 after acquiring an additional 184,560 shares during the period. Wellington Management Group LLP raised its holdings in shares of Curbline Properties by 3,409.1% in the 1st quarter. Wellington Management Group LLP now owns 1,432,024 shares of the company’s stock worth $34,641,000 after purchasing an additional 1,391,215 shares in the last quarter. Finally, Aew Capital Management L P lifted its position in shares of Curbline Properties by 29.4% during the 1st quarter. Aew Capital Management L P now owns 790,257 shares of the company’s stock valued at $19,116,000 after acquiring an additional 179,630 shares during the last quarter.

Analyst Ratings Changes

Separately, LADENBURG THALM/SH SH assumed coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price target for the company. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $25.59.

Curbline Properties Price Performance

Curbline Properties stock opened at $22.61 on Wednesday. The company’s fifty day moving average price is $22.55 and its two-hundred day moving average price is $22.87. Curbline Properties Corp. has a one year low of $18.80 and a one year high of $25.69. The company has a debt-to-equity ratio of 0.05, a current ratio of 13.40 and a quick ratio of 13.40.

Curbline Properties (NYSE:CURB) last announced its quarterly 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. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $37.67 million. Curbline Properties had a return on equity of 1.01% and a net margin of 11.74%.The company’s revenue for the quarter was up 47.0% compared to the same quarter last year. During the same quarter last year, the company posted $0.19 earnings per share. Curbline Properties has set its FY 2025 guidance at 0.990-1.020 EPS. As a group, analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 21st. Stockholders of record on Tuesday, September 30th will be given a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Tuesday, September 30th.

Insider Transactions at Curbline Properties

In other news, EVP Conor Fennerty sold 28,000 shares of the business’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 owned 176,560 shares in the company, valued at approximately $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 8.60% of the stock is owned by corporate insiders.

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.