Curbline Properties (NYSE:CURB) EVP Conor Fennerty Sells 55,105 Shares

Curbline Properties Corp. (NYSE:CURB) EVP Conor Fennerty sold 55,105 shares of the company’s stock in a transaction dated Thursday, July 30th. The shares were 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 trade represents a 26.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Curbline Properties Stock Down 0.0%

CURB stock opened at $30.57 on Friday. The company’s 50 day simple moving average is $30.30 and its 200-day simple moving average is $27.84. The firm has a market capitalization of $3.52 billion, a PE ratio of 113.22 and a beta of 0.51. Curbline Properties Corp. has a 12 month low of $21.62 and a 12 month high of $32.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 1.20.

Curbline Properties (NYSE:CURB) last issued its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share for the quarter, topping analysts’ consensus estimates of $0.05 by $0.23. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The business had revenue of $57.99 million during the quarter, compared to analysts’ expectations of $53.34 million. During the same period last year, the company posted $0.24 EPS. The company’s revenue was up 51.0% on a year-over-year basis. Equities analysts expect that Curbline Properties Corp. will post 1.26 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date was Thursday, June 18th. Curbline Properties’s dividend payout ratio is 251.85%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. UBS Group AG grew its position in shares of Curbline Properties by 175.2% in the fourth quarter. UBS Group AG now owns 425,331 shares of the company’s stock valued at $9,872,000 after purchasing an additional 270,800 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Curbline Properties by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company’s stock valued at $35,355,000 after purchasing an additional 74,477 shares during the last quarter. Diamond Hill Capital Management Inc. increased its stake in Curbline Properties by 48.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company’s stock valued at $4,118,000 after purchasing an additional 58,138 shares during the last quarter. Principal Financial Group Inc. lifted its position in Curbline Properties by 426.5% during the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company’s stock worth $57,123,000 after buying an additional 1,993,711 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al lifted its position in Curbline Properties by 83.5% during the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 127,900 shares of the company’s stock worth $2,969,000 after buying an additional 58,200 shares during the period.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on CURB shares. KeyCorp boosted their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday. Citigroup lifted their price objective on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday. Finally, Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $30.78.

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.