Diamond Hill Capital Management Inc. Cuts Position in Curbline Properties Corp. $CURB

Diamond Hill Capital Management Inc. lowered its stake in Curbline Properties Corp. (NYSE:CURB) by 24.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 119,299 shares of the company’s stock after selling 38,151 shares during the period. Diamond Hill Capital Management Inc. owned approximately 0.11% of Curbline Properties worth $2,660,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Royal Bank of Canada increased its position in Curbline Properties by 43.7% during the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after purchasing an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Curbline Properties by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after buying an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in Curbline Properties by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock worth $17,596,000 after buying an additional 77,322 shares during the period. Jane Street Group LLC bought a new stake in Curbline Properties during the 1st quarter valued at $4,025,000. Finally, Intech Investment Management LLC boosted its position in Curbline Properties by 58.6% during the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after acquiring an additional 19,204 shares in the last quarter.

Curbline Properties Trading Down 0.1%

NYSE:CURB opened at $25.34 on Monday. The company has a market capitalization of $2.67 billion, a P/E ratio of 63.35 and a beta of 0.48. The company has a current ratio of 9.99, a quick ratio of 9.99 and a debt-to-equity ratio of 0.21. Curbline Properties Corp. has a 12 month low of $20.91 and a 12 month high of $26.01. The firm has a fifty day simple moving average of $23.66 and a 200-day simple moving average of $23.17.

Curbline Properties (NYSE:CURB) last issued its earnings results on Monday, February 9th. The company reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.18). Curbline Properties had a return on equity of 2.19% and a net margin of 25.51%.The firm had revenue of $54.15 million during the quarter, compared to analysts’ expectations of $52.15 million. On average, equities research analysts anticipate that Curbline Properties Corp. will post 1 earnings per share for the current year.

Curbline Properties Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Monday, December 22nd were given a $0.16 dividend. The ex-dividend date was Monday, December 22nd. This represents a $0.64 dividend on an annualized basis and a yield of 2.5%. Curbline Properties’s dividend payout ratio is currently 160.00%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CURB shares. KeyCorp raised Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 price objective on the stock in a research report on Thursday, December 4th. Wolfe Research upgraded shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 price target on the stock in a report on Monday, January 12th. Citigroup upgraded shares of Curbline Properties from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $25.00 to $27.00 in a research note on Wednesday, November 19th. UBS Group set a $27.00 target price on shares of Curbline Properties in a research report on Thursday, December 4th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 29th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Curbline Properties currently has an average rating of “Moderate Buy” and an average price target of $27.22.

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.