Short Interest in Curbline Properties Corp. (NYSE:CURB) Grows By 73.6%

Curbline Properties Corp. (NYSE:CURB) saw a significant growth in short interest in July. As of July 15th, there was short interest totaling 17,571,331 shares, a growth of 73.6% from the June 30th total of 10,120,411 shares. Based on an average trading volume of 1,299,843 shares, the short-interest ratio is currently 13.5 days. Currently, 16.9% of the shares of the company are short sold.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday. Citigroup lifted their price target on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler boosted their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday. JPMorgan Chase & Co. boosted their target price on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $30.78.

Insider Activity

In related news, EVP Conor Fennerty sold 55,105 shares of the company’s stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $30.38, for a total value of $1,674,089.90. Following the completion of the sale, the executive vice president directly owned 153,909 shares of the company’s stock, valued at $4,675,755.42. This represents a 26.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 8.70% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Curbline Properties

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. boosted its stake 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 during the period. Balyasny Asset Management L.P. grew its stake in Curbline Properties by 36.4% during the 2nd quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock worth $49,414,000 after buying an additional 577,037 shares during the last quarter. Daiwa Securities Group Inc. grew 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 acquiring an additional 562,642 shares during the last quarter. Finally, UBS Group AG grew its position in Curbline Properties by 175.2% in the 4th quarter. UBS Group AG now owns 425,331 shares of the company’s stock worth $9,872,000 after purchasing an additional 270,800 shares during the last quarter.

Curbline Properties Stock Performance

NYSE CURB opened at $30.57 on Friday. 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 has a 1-year low of $21.62 and a 1-year high of $32.15. The business’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 P/E ratio of 113.22 and a beta of 0.51.

Curbline Properties (NYSE:CURB) last released its quarterly earnings data on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.05 by $0.23. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The company had revenue of $57.99 million during the quarter, compared to analyst estimates of $53.34 million. During the same quarter in the prior year, the business earned $0.24 earnings per share. The business’s quarterly revenue was up 51.0% compared to the same quarter last year. Equities analysts predict that Curbline Properties will post 1.26 EPS 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 yield of 2.2%. The ex-dividend date was Thursday, June 18th. Curbline Properties’s dividend payout ratio is currently 251.85%.

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.