OVERSEA CHINESE BANKING Corp Ltd Takes Position in Curbline Properties Corp. (NYSE:CURB)

OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Curbline Properties Corp. (NYSE:CURB) in the 1st quarter, Holdings Channel.com reports. The firm purchased 97,195 shares of the company’s stock, valued at approximately $2,351,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Quadrant Capital Group LLC acquired a new position in Curbline Properties during the 4th quarter valued at about $31,000. Covestor Ltd boosted its stake in Curbline Properties by 390.2% during the 4th quarter. Covestor Ltd now owns 1,593 shares of the company’s stock valued at $37,000 after purchasing an additional 1,268 shares during the period. GF Fund Management CO. LTD. acquired a new position in Curbline Properties during the 4th quarter valued at about $40,000. Fifth Third Bancorp raised its position in shares of Curbline Properties by 215.9% during the 1st quarter. Fifth Third Bancorp now owns 2,123 shares of the company’s stock worth $51,000 after buying an additional 1,451 shares in the last quarter. Finally, GAMMA Investing LLC raised 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 worth $59,000 after buying an additional 1,156 shares in the last quarter.

Curbline Properties Price Performance

CURB stock opened at $22.82 on Tuesday. Curbline Properties Corp. has a 52 week low of $20.16 and a 52 week high of $25.69. The firm’s 50-day moving average is $22.86 and its two-hundred day moving average is $23.42. The company has a debt-to-equity ratio of 0.05, a quick ratio of 27.77 and a current ratio of 27.77.

Curbline Properties (NYSE:CURB) last released its earnings results on Thursday, April 24th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The business had revenue of $38.44 million during the quarter, compared to the consensus estimate of $34.51 million. The company’s quarterly revenue was up 38.2% on a year-over-year basis. Equities research analysts expect that Curbline Properties Corp. will post 1 EPS for the current fiscal year.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were issued a $0.16 dividend. The ex-dividend date was Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.80%.

Insider Activity at Curbline Properties

In related news, EVP Conor Fennerty sold 28,000 shares of the business’s stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of $22.81, for a total value of $638,680.00. Following the sale, the executive vice president directly owned 176,560 shares in the company, valued at $4,027,333.60. The trade was a 13.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 8.60% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Morgan Stanley dropped their price target on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $25.68.

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.