Short Interest in Curbline Properties Corp. (NYSE:CURB) Grows By 73.6%

Curbline Properties Corp. (NYSE:CURB) saw a significant growth in short interest during the month of July. As of July 15th, there was short interest totaling 17,571,331 shares, a growth of 73.6% from the June 30th total of 10,120,411 shares. Currently, 16.9% of the company’s shares are short sold. Based on an average daily volume of 1,299,843 shares, the days-to-cover ratio is currently 13.5 days.

Analyst Upgrades and Downgrades

CURB has been the topic of a number of research analyst reports. Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Piper Sandler lifted their target price on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Citigroup boosted their price target on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Wall Street Zen raised shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a research note on Thursday, June 18th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.78.

Insider Activity

In related news, EVP Conor Fennerty sold 55,105 shares of the business’s 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 transaction, the executive vice president owned 153,909 shares in the company, valued at $4,675,755.42. The trade was a 26.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 8.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. T. Rowe Price Investment Management Inc. boosted its stake in Curbline Properties by 21.6% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. State Street Corp grew its holdings in Curbline Properties by 1.9% in the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares during the period. Principal Financial Group Inc. increased its stake in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in shares of Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after purchasing an additional 562,642 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Curbline Properties by 0.9% during the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company’s stock valued at $58,426,000 after purchasing an additional 22,731 shares during the last quarter.

Curbline Properties Price Performance

Shares of CURB stock opened at $30.57 on Friday. The business’s fifty day moving average is $30.30 and its 200 day moving average is $27.84. The company has a quick ratio of 1.20, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The stock has a market cap of $3.52 billion, a price-to-earnings ratio of 113.22 and a beta of 0.51. Curbline Properties has a twelve month low of $21.62 and a twelve month high of $32.15.

Curbline Properties Announces Dividend

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