Curbline Properties Corp. $CURB Stock Holdings Lessened by Peregrine Capital Management LLC

Peregrine Capital Management LLC reduced its holdings in Curbline Properties Corp. (NYSE:CURB) by 6.8% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 235,562 shares of the company’s stock after selling 17,075 shares during the quarter. Peregrine Capital Management LLC’s holdings in Curbline Properties were worth $5,378,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Smartleaf Asset Management LLC lifted its position in shares of Curbline Properties by 37.8% in the 1st quarter. Smartleaf Asset Management LLC now owns 1,849 shares of the company’s stock worth $44,000 after buying an additional 507 shares during the last quarter. State of Wyoming bought a new position in shares of Curbline Properties in the 1st quarter worth about $54,000. GAMMA Investing LLC lifted its position in shares of Curbline Properties by 91.1% in the 1st quarter. GAMMA Investing LLC now owns 2,425 shares of the company’s stock worth $59,000 after buying an additional 1,156 shares during the last quarter. KBC Group NV lifted its position in shares of 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 buying an additional 1,857 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Curbline Properties in the 1st quarter worth about $205,000.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CURB shares. 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. LADENBURG THALM/SH SH started coverage on shares of Curbline Properties in a research report on Tuesday, September 9th. They issued a “neutral” rating and a $25.00 price objective on the stock. Finally, Morgan Stanley upgraded shares of Curbline Properties to an “overweight” rating in a research report on Friday, October 3rd. Two investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $27.25.

Curbline Properties Stock Down 1.8%

CURB stock opened at $24.30 on Wednesday. Curbline Properties Corp. has a 52 week low of $20.91 and a 52 week high of $25.69. The company has a market capitalization of $2.56 billion and a price-to-earnings ratio of 75.93. The firm’s 50-day moving average is $22.83 and its two-hundred day moving average is $22.82. 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 results on Monday, July 28th. The company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.02. Curbline Properties had a net margin of 11.74% and a return on equity of 1.01%. The company had revenue of $41.10 million for the quarter, compared to the consensus estimate of $37.67 million. During the same period in the previous year, the firm earned $0.19 EPS. Curbline Properties’s revenue was up 47.0% on a year-over-year basis. On average, analysts forecast that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties announced that its board has approved a share repurchase program on Thursday, October 2nd that authorizes the company to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to repurchase up to 10.6% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s management believes its shares are undervalued.

Curbline Properties Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 21st. Shareholders of record on Tuesday, September 30th were given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date was Tuesday, September 30th. Curbline Properties’s payout ratio is 200.00%.

Curbline Properties Company 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.