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

Asset Management One Co. Ltd. grew its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 27.7% in the second quarter, Holdings Channel reports. The fund owned 254,520 shares of the company’s stock after acquiring an additional 55,235 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Curbline Properties were worth $5,811,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of CURB. GAMMA Investing LLC grew its position in shares of Curbline Properties by 91.1% during the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company’s stock valued at $59,000 after acquiring an additional 1,156 shares during the period. KBC Group NV grew its position in shares of Curbline Properties by 48.4% during the 1st quarter. KBC Group NV now owns 5,691 shares of the company’s stock valued at $138,000 after acquiring an additional 1,857 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of 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 acquiring an additional 5,405 shares during the period. Principal Financial Group Inc. grew its position in shares of Curbline Properties by 3.2% during the 1st quarter. Principal Financial Group Inc. now owns 560,056 shares of the company’s stock valued at $13,548,000 after acquiring an additional 17,160 shares during the period. Finally, M&T Bank Corp bought a new position in shares of Curbline Properties during the 1st quarter valued at approximately $205,000.

Curbline Properties Stock Down 1.8%

CURB opened at $24.30 on Wednesday. The company has a 50 day moving average of $22.83 and a 200 day moving average of $22.82. The company has a market cap of $2.56 billion and a PE ratio of 75.93. Curbline Properties Corp. has a 12 month low of $20.91 and a 12 month high of $25.69. The company has a current ratio of 13.40, a quick ratio of 13.40 and a debt-to-equity ratio of 0.05.

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

Curbline Properties declared that its Board of Directors 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 repurchase up to 10.6% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Curbline Properties Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 21st. Investors of record on Tuesday, September 30th were issued a $0.16 dividend. The ex-dividend date of this dividend 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%.

Analysts Set New Price Targets

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

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.