Curbline Properties Corp. $CURB Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC trimmed its holdings in shares of Curbline Properties Corp. (NYSE:CURB) by 23.9% in the first quarter, HoldingsChannel reports. The firm owned 464,320 shares of the company’s stock after selling 146,172 shares during the period. Janus Henderson Group PLC’s holdings in Curbline Properties were worth $11,975,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. lifted its stake in Curbline Properties by 125.3% in the 4th 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 in the last quarter. Parallel Advisors LLC grew its holdings in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased 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 worth $64,000 after buying an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec increased 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 worth $189,000 after buying an additional 1,672 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position 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 buying an additional 2,091 shares in the last quarter.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on CURB. Citigroup upped their price objective on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday. Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday. KeyCorp boosted their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. JPMorgan Chase & Co. boosted their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research note on Monday, May 4th. Finally, Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

Insider Transactions at Curbline Properties

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

Curbline Properties Price Performance

CURB stock opened at $30.09 on Wednesday. Curbline Properties Corp. has a 52-week low of $21.73 and a 52-week high of $32.15. The stock’s fifty day simple moving average is $30.37 and its 200-day simple moving average is $27.95. 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 stock has a market capitalization of $3.46 billion, a price-to-earnings ratio of 111.45 and a beta of 0.51.

Curbline Properties Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were given a dividend of $0.17 per share. The ex-dividend date was Thursday, June 18th. This represents a $0.68 annualized dividend and a yield of 2.3%. Curbline Properties’s dividend payout ratio is 251.85%.

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.