Sei Investments Co. Purchases 103,853 Shares of Curbline Properties Corp. $CURB

Sei Investments Co. boosted its position in shares of Curbline Properties Corp. (NYSE:CURB) by 24.6% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 525,966 shares of the company’s stock after buying an additional 103,853 shares during the period. Sei Investments Co.’s holdings in Curbline Properties were worth $13,565,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of CURB. Rockefeller Capital Management L.P. boosted its position in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after acquiring an additional 654 shares in the last quarter. Parallel Advisors LLC increased its stake in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after acquiring an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Curbline Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after purchasing an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its position in Curbline Properties by 25.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after purchasing an additional 1,672 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in Curbline Properties by 28.5% during the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after purchasing an additional 2,091 shares during the last quarter.

Curbline Properties Stock Performance

Shares of CURB stock opened at $30.54 on Friday. The stock has a market capitalization of $3.48 billion, a PE ratio of 113.11 and a beta of 0.51. The business’s 50 day simple moving average is $30.26 and its 200 day simple moving average is $27.82. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.32 and a quick ratio of 1.20. Curbline Properties Corp. has a one year low of $21.62 and a one year high of $32.15.

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

Curbline Properties Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CURB. JPMorgan Chase & Co. lifted their price target on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. KeyCorp raised their price objective on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday. Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Citigroup boosted their target price on Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Piper Sandler raised their price target on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $30.78.

Curbline Properties 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.