Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Curbline Properties Corp. (NYSE:CURB – Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 185,900 shares of the company’s stock, valued at approximately $5,651,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 0.16% of Curbline Properties at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of CURB. Royal Bank of Canada boosted its stake in Curbline Properties by 43.7% in the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after acquiring an additional 5,351 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted 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 valued at $1,367,000 after buying an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Curbline Properties by 11.9% in 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 during the period. Jane Street Group LLC acquired a new position in shares of Curbline Properties in the first quarter valued at approximately $4,025,000. Finally, Intech Investment Management LLC increased its position in shares of Curbline Properties by 58.6% during the first quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock worth $1,257,000 after acquiring an additional 19,204 shares in the last quarter.
Curbline Properties Stock Performance
Curbline Properties stock opened at $29.98 on Tuesday. Curbline Properties Corp. has a 12-month low of $21.93 and a 12-month high of $32.15. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The business’s 50-day moving average price is $30.52 and its two-hundred day moving average price is $28.31. The stock has a market cap of $3.45 billion, a PE ratio of 111.04 and a beta of 0.51.
Insider Activity
In related news, Director Alexander Otto sold 135,612 shares of Curbline Properties stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $30.15, for a total value of $4,088,701.80. Following the transaction, the director directly owned 7,411,219 shares of the company’s stock, valued at $223,448,252.85. The trade was a 1.80% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Conor Fennerty sold 55,105 shares of the company’s stock in a transaction that occurred 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 owned 153,909 shares in the company, valued at $4,675,755.42. The trade was a 26.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 589,946 shares of company stock valued at $17,738,924. Insiders own 8.70% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on the company. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Piper Sandler lifted their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen raised shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Citigroup raised their price objective on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a report on Monday, August 3rd. Finally, Weiss Ratings upgraded shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a report on Wednesday, August 12th. Six analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $31.11.
Get Our Latest Research Report on Curbline Properties
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.
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