Conor Fennerty Sells 55,105 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) EVP Conor Fennerty sold 55,105 shares of the stock in a transaction dated 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 transaction, the executive vice president directly owned 153,909 shares in the company, valued at approximately $4,675,755.42. This represents a 26.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Curbline Properties Trading Down 0.0%

Shares of NYSE:CURB opened at $30.57 on Friday. The stock has a market capitalization of $3.52 billion, a price-to-earnings ratio of 113.22 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.20 and a current ratio of 0.63. The stock’s 50-day simple moving average is $30.30 and its two-hundred day simple moving average is $27.84. Curbline Properties Corp. has a 52-week low of $21.62 and a 52-week high of $32.15.

Curbline Properties Announces Dividend

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

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Handelsbanken Fonder AB grew its stake in shares of Curbline Properties by 24.5% during the 2nd quarter. Handelsbanken Fonder AB now owns 36,600 shares of the company’s stock valued at $1,113,000 after acquiring an additional 7,200 shares during the period. Bank of America Corp DE increased its holdings in Curbline Properties by 39.4% in the 1st quarter. Bank of America Corp DE now owns 645,997 shares of the company’s stock worth $16,660,000 after acquiring an additional 182,424 shares in the last quarter. Anson Funds Management LP bought a new stake in Curbline Properties during the 1st quarter worth approximately $1,315,000. Amundi raised its stake in Curbline Properties by 7.6% during the 1st quarter. Amundi now owns 51,967 shares of the company’s stock worth $1,340,000 after acquiring an additional 3,674 shares during the period. Finally, California State Teachers Retirement System lifted its holdings in Curbline Properties by 32.1% during the first quarter. California State Teachers Retirement System now owns 115,367 shares of the company’s stock valued at $2,975,000 after purchasing an additional 28,022 shares in the last quarter.

Analysts Set New Price Targets

A number of research firms recently issued reports on CURB. KeyCorp raised their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday. Citigroup lifted their price target on shares of Curbline Properties from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Piper Sandler boosted their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Finally, Morgan Stanley reissued an “equal weight” rating and set a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, 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.