Curbline Properties Corp. (NYSE:CURB - Get Free Report) EVP Conor Fennerty sold 55,105 shares of the firm's stock in a transaction that occurred on Thursday, July 30th. The stock was sold at an average price of $30.38, for a total transaction of $1,674,089.90. Following the completion of the sale, the executive vice president directly owned 153,909 shares in the company, valued at $4,675,755.42. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Curbline Properties Price Performance
Curbline Properties stock opened at $30.57 on Friday. Curbline Properties Corp. has a 1 year low of $21.62 and a 1 year high of $32.15. The firm has a 50 day moving average price of $30.30 and a 200 day moving average price of $27.84. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 113.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.20 and a current ratio of 0.63.
Curbline Properties (NYSE:CURB - Get Free Report) last issued its quarterly earnings results on Tuesday, April 28th. The company reported $0.28 EPS for the quarter, topping the consensus estimate of $0.05 by $0.23. The firm had revenue of $57.99 million during the quarter, compared to analyst estimates of $53.34 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. Curbline Properties's revenue for the quarter was up 51.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.24 earnings per share. Sell-side analysts predict that Curbline Properties Corp. will post 1.26 earnings per share for the current year.
Curbline Properties Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a $0.17 dividend. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.2%. The ex-dividend date was Thursday, June 18th. Curbline Properties's dividend payout ratio (DPR) is 251.85%.
Wall Street Analysts Forecast Growth
A number of analysts have recently commented on CURB shares. JPMorgan Chase & Co. upped their price objective on Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Piper Sandler lifted their target price on Curbline Properties from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday. Citigroup boosted their price target on Curbline Properties from $30.00 to $33.00 and gave the company a "buy" rating in a research report on Wednesday, April 29th. Wolfe Research lowered Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Curbline Properties in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, Curbline Properties presently has an average rating of "Moderate Buy" and an average price target of $30.78.
View Our Latest Analysis on CURB
Institutional Investors Weigh In On Curbline Properties
A number of large investors have recently modified their holdings of CURB. T. Rowe Price Investment Management Inc. grew its position in Curbline Properties by 21.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company's stock valued at $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. State Street Corp lifted its position in shares of Curbline Properties by 1.9% during the second quarter. State Street Corp now owns 5,515,437 shares of the company's stock worth $126,772,000 after purchasing an additional 101,813 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock worth $133,489,000 after purchasing an additional 2,714,859 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock worth $61,966,000 after purchasing an additional 562,642 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in shares of Curbline Properties by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company's stock valued at $58,426,000 after purchasing an additional 22,731 shares during the period.
Curbline Properties Company Profile
(
Get Free Report)
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.
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