Lazard Asset Management LLC Invests $1.57 Million in Curbline Properties Corp. $CURB

Lazard Asset Management LLC bought a new position in Curbline Properties Corp. (NYSE:CURB) during the 1st quarter, Holdings Channel reports. The fund bought 60,904 shares of the company’s stock, valued at approximately $1,571,000.

A number of other hedge funds also recently bought and sold shares of CURB. Rockefeller Capital Management L.P. raised its position in Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 654 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Curbline Properties by 393.7% in the 3rd 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 last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of 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 valued at $64,000 after buying an additional 694 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in shares of 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 valued at $189,000 after buying an additional 1,672 shares during the period. Finally, Sanctuary Advisors LLC bought a new position in shares of Curbline Properties during the first quarter valued at approximately $224,000.

Analyst Ratings Changes

CURB has been the subject of a number of research analyst reports. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday. 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. Citigroup upped their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a report on Monday. KeyCorp raised their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Five equities research 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 a consensus rating of “Moderate Buy” and an average target price of $31.11.

Curbline Properties Stock Down 0.5%

Shares of NYSE:CURB opened at $30.09 on Wednesday. The firm has a market capitalization of $3.46 billion, a P/E ratio of 111.45 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. The stock has a 50 day moving average price of $30.37 and a 200-day moving average price of $27.95. Curbline Properties Corp. has a 52-week low of $21.73 and a 52-week high of $32.15.

Curbline Properties Announces Dividend

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

Insider Transactions at Curbline Properties

In other Curbline Properties 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 value of $1,674,089.90. Following the completion of the transaction, the executive vice president owned 153,909 shares in the company, valued at approximately $4,675,755.42. This represents a 26.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 8.70% of the company’s stock.

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.