Asset Management One Co. Ltd. Buys 55,235 Shares of Curbline Properties Corp. $CURB

Asset Management One Co. Ltd. lifted its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 27.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 254,520 shares of the company’s stock after purchasing an additional 55,235 shares during the quarter. Asset Management One Co. Ltd. owned about 0.24% of Curbline Properties worth $5,811,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. T. Rowe Price Investment Management Inc. raised its holdings in shares of Curbline Properties by 28.6% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 6,624,234 shares of the company’s stock worth $160,241,000 after acquiring an additional 1,474,896 shares during the last quarter. Nuveen LLC acquired a new stake in shares of Curbline Properties in the 1st quarter worth about $56,521,000. Millennium Management LLC raised its holdings in shares of Curbline Properties by 12.3% in the 1st 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 last quarter. 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 acquiring an additional 1,391,215 shares during the last quarter. Finally, Aew Capital Management L P raised its holdings in shares of Curbline Properties by 29.4% in the 1st quarter. Aew Capital Management L P now owns 790,257 shares of the company’s stock worth $19,116,000 after acquiring an additional 179,630 shares during the last quarter.

Curbline Properties Trading Down 1.8%

NYSE:CURB opened at $24.30 on Wednesday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 13.40 and a current ratio of 13.40. The firm has a market cap of $2.56 billion and a price-to-earnings ratio of 75.93. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $25.69. The firm has a 50-day moving average price of $22.83 and a two-hundred day moving average price of $22.82.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Monday, July 28th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.24 by $0.02. The firm had revenue of $41.10 million during the quarter, compared to analyst estimates of $37.67 million. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The company’s revenue for the quarter was up 47.0% on a year-over-year basis. During the same quarter last year, the business posted $0.19 EPS. On average, equities analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were paid a $0.16 dividend. The ex-dividend date was Tuesday, September 30th. This represents a $0.64 annualized dividend and a yield of 2.6%. Curbline Properties’s dividend payout ratio (DPR) is 200.00%.

Curbline Properties announced that its board has approved a stock buyback plan on Thursday, October 2nd that permits the company to repurchase $250.00 million in shares. This repurchase authorization permits the company to reacquire up to 10.6% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

Analyst Ratings Changes

A number of research firms recently weighed in on CURB. LADENBURG THALM/SH SH began coverage on shares of Curbline Properties in a report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 target price on the stock. Weiss Ratings lowered shares of Curbline Properties from a “hold (c-)” rating to a “sell (d+)” rating in a report on Friday, October 24th. Finally, Morgan Stanley upgraded shares of Curbline Properties to an “overweight” rating in a report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $27.25.

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.