Brown Advisory Inc. Acquires 927 Shares of Curbline Properties Corp. (NYSE:CURB)

Brown Advisory Inc. increased its holdings in Curbline Properties Corp. (NYSE:CURB) by 0.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 917,903 shares of the company’s stock after purchasing an additional 927 shares during the quarter. Brown Advisory Inc. owned approximately 0.87% of Curbline Properties worth $22,204,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of CURB. Bank of New York Mellon Corp bought a new stake in shares of Curbline Properties in the 4th quarter valued at about $16,013,000. Proficio Capital Partners LLC bought a new position in shares of Curbline Properties in the fourth quarter valued at $274,000. Smartleaf Asset Management LLC acquired a new position in shares of Curbline Properties during the fourth quarter valued at about $31,000. Charles Schwab Investment Management Inc. bought a new stake in shares of Curbline Properties during the fourth quarter worth about $39,792,000. Finally, Arizona State Retirement System bought a new stake in shares of Curbline Properties during the fourth quarter worth about $636,000.

Insiders Place Their Bets

In other Curbline Properties news, EVP Conor Fennerty sold 28,000 shares of the company’s stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the sale, the executive vice president directly owned 176,560 shares of the company’s stock, valued at $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.60% of the company’s stock.

Curbline Properties Price Performance

Curbline Properties stock opened at $22.25 on Thursday. The firm has a 50 day moving average price of $22.89 and a 200-day moving average price of $23.44. The company has a debt-to-equity ratio of 0.05, a current ratio of 27.77 and a quick ratio of 27.77. Curbline Properties Corp. has a twelve month low of $20.16 and a twelve month high of $25.69.

Curbline Properties (NYSE:CURB) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.24 EPS for the quarter, meeting the consensus estimate of $0.24. The firm had revenue of $38.44 million during the quarter, compared to analysts’ expectations of $34.51 million. The company’s revenue for the quarter was up 38.2% compared to the same quarter last year. On average, sell-side analysts predict that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.88%. The ex-dividend date was Wednesday, June 18th.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley dropped their price target on shares of Curbline Properties from $27.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday, April 24th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Curbline Properties has a consensus rating of “Hold” and an average price target of $25.68.

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.