Renaissance Technologies LLC Increases Position in Curbline Properties Corp. $CURB

Renaissance Technologies LLC increased its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 214.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 342,501 shares of the company’s stock after purchasing an additional 233,684 shares during the quarter. Renaissance Technologies LLC’s holdings in Curbline Properties were worth $8,833,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Rockefeller Capital Management L.P. boosted its holdings in shares of 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 boosted its stake in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after acquiring an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 valued at $64,000 after acquiring an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its holdings in Curbline Properties by 25.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in shares of Curbline Properties during the first quarter worth $224,000.

Insider Transactions at Curbline Properties

In other Curbline Properties news, EVP Conor Fennerty sold 55,105 shares of Curbline Properties stock in a transaction dated 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 completion of the sale, the executive vice president owned 153,909 shares of the company’s stock, valued at approximately $4,675,755.42. The trade was a 26.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 8.70% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

CURB has been the subject of a number of recent analyst reports. Weiss Ratings reissued a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a research note on Thursday, June 18th. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday. JPMorgan Chase & Co. boosted their price target on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Finally, Piper Sandler upped their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $30.78.

Curbline Properties Trading Down 0.2%

NYSE:CURB opened at $30.57 on Monday. Curbline Properties Corp. has a 12 month low of $21.62 and a 12 month high of $32.15. The firm has a fifty day simple moving average of $30.30 and a 200-day simple moving average of $27.86. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $3.52 billion, a P/E ratio of 113.22 and a beta of 0.51.

Curbline Properties Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.17 dividend. The ex-dividend date was Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. Curbline Properties’s dividend payout ratio (DPR) is 251.85%.

About Curbline Properties

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.