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

Diamond Hill Capital Management Inc. trimmed its holdings in Curbline Properties Corp. (NYSE:CURB) by 24.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 119,299 shares of the company’s stock after selling 38,151 shares during the quarter. Diamond Hill Capital Management Inc.’s holdings in Curbline Properties were worth $2,660,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

CURB has been the subject of several recent research reports. Wolfe Research raised shares of Curbline Properties from a “peer perform” rating to an “outperform” rating and set a $26.00 target price for the company in a report on Monday, January 12th. Truist Financial set a $27.00 price target on shares of Curbline Properties in a research report on Tuesday, January 20th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Curbline Properties in a report on Monday, December 29th. KeyCorp raised shares of Curbline Properties from a “sector weight” rating to an “overweight” rating and set a $27.00 target price on the stock in a research note on Thursday, December 4th. Finally, Morgan Stanley raised their target price on Curbline Properties from $27.00 to $29.00 and gave the company an “overweight” rating in a research report on Monday, January 5th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.22.

Curbline Properties Price Performance

NYSE:CURB opened at $25.34 on Monday. The stock has a 50 day moving average of $23.66 and a two-hundred day moving average of $23.17. Curbline Properties Corp. has a 12 month low of $20.91 and a 12 month high of $26.01. The firm has a market cap 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 (NYSE:CURB) last issued its quarterly 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 analyst estimates of $52.15 million. On average, analysts expect that Curbline Properties Corp. will post 1 earnings per share for the current fiscal year.

Curbline Properties Announces Dividend

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

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.