Insider Selling: Curbline Properties (NYSE:CURB) EVP Sells 55,105 Shares

Curbline Properties Corp. (NYSE:CURB) EVP Conor Fennerty sold 55,105 shares of the firm’s stock in a transaction on Thursday, July 30th. The shares were 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 approximately $4,675,755.42. This trade represents a 26.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Curbline Properties Price Performance

Shares of NYSE:CURB traded down $0.01 during midday trading on Friday, hitting $30.57. 756,844 shares of the stock were exchanged, compared to its average volume of 975,134. The company has a current ratio of 0.32, a quick ratio of 1.20 and a debt-to-equity ratio of 0.18. The company has a 50 day moving average price of $30.26 and a 200-day moving average price of $27.82. The stock has a market cap of $3.49 billion, a P/E ratio of 113.22 and a beta of 0.51. Curbline Properties Corp. has a twelve month low of $21.62 and a twelve month high of $32.15.

Curbline Properties (NYSE:CURB) last released its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating 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 company had revenue of $57.99 million for the quarter, compared to analyst estimates of $53.34 million. During the same period in the prior year, the firm earned $0.24 EPS. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. On average, research analysts forecast that Curbline Properties Corp. will post 1.26 earnings per share for the current year.

Curbline Properties Dividend Announcement

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

Institutional Investors Weigh In On Curbline Properties

A number of institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada grew its holdings in shares of Curbline Properties by 43.7% during the 1st quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock worth $425,000 after purchasing an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings 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 valued at $1,367,000 after buying an additional 2,483 shares during the period. Goldman Sachs Group Inc. lifted its position in Curbline Properties by 11.9% during the first quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after buying an additional 77,322 shares in the last quarter. Jane Street Group LLC acquired a new position in Curbline Properties during the first quarter valued at approximately $4,025,000. Finally, Intech Investment Management LLC lifted its position in Curbline Properties by 58.6% during the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after buying an additional 19,204 shares in the last quarter.

Analysts Set New Price Targets

Several research firms have commented on CURB. Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. JPMorgan Chase & Co. increased their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. KeyCorp raised their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday. Citigroup boosted their target price on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday. Five analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

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.