First Trust Advisors LP Boosts Stake in Curbline Properties Corp. $CURB

First Trust Advisors LP boosted its position in Curbline Properties Corp. (NYSE:CURB) by 410.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 308,144 shares of the company’s stock after purchasing an additional 247,797 shares during the period. First Trust Advisors LP’s holdings in Curbline Properties were worth $7,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its position in shares of Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 654 shares during the period. Parallel Advisors LLC raised its holdings in shares of Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Curbline Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after buying an additional 694 shares during the period. Federation des caisses Desjardins du Quebec lifted its stake in shares of Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after acquiring an additional 1,672 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its stake in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after acquiring an additional 2,091 shares during the last quarter.

Insider Activity

In other news, EVP Conor Fennerty sold 55,105 shares of the stock in a transaction on Thursday, July 30th. The stock was sold at an average price of $30.38, for a total transaction of $1,674,089.90. Following the transaction, the executive vice president owned 153,909 shares of the company’s stock, valued at approximately $4,675,755.42. This represents a 26.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Citigroup boosted their price objective on Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Morgan Stanley reissued an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. JPMorgan Chase & Co. upped their price target 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 price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday. Finally, Weiss Ratings reiterated a “hold (c+)” rating on shares of Curbline Properties in a report on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $30.78.

Curbline Properties Stock Down 0.0%

Shares of NYSE:CURB opened at $30.57 on Friday. The business’s 50 day moving average is $30.30 and its 200 day moving average is $27.84. The stock has a market cap of $3.52 billion, a P/E ratio of 113.22 and a beta of 0.51. Curbline Properties Corp. has a 52-week low of $21.62 and a 52-week high of $32.15. The company has a quick ratio of 1.20, a current ratio of 0.63 and a debt-to-equity ratio of 0.17.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th were issued 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 currently 251.85%.

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.