Alexander Otto Sells 38,788 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 38,788 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $30.17, for a total value of $1,170,233.96. Following the completion of the transaction, the director owned 7,907,272 shares in the company, valued at approximately $238,562,396.24. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Alexander Otto also recently made the following trade(s):

• On Wednesday, August 5th, Alexander Otto sold 134,269 shares of Curbline Properties stock. The shares were sold at an average price of $30.11, for a total value of $4,042,839.59.

Curbline Properties Price Performance

CURB stock opened at $29.59 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. Curbline Properties Corp. has a 52-week low of $21.75 and a 52-week high of $32.15. The stock’s 50 day moving average is $30.41 and its two-hundred day moving average is $28.04. The company has a market capitalization of $3.40 billion, a PE ratio of 109.61 and a beta of 0.51.

Analysts Set New Price Targets

A number of brokerages recently issued reports on CURB. JPMorgan Chase & Co. lifted their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. KeyCorp raised their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat, Curbline Properties presently has an average rating of “Moderate Buy” and an average price target of $31.11.

Hedge Funds Weigh In On Curbline Properties

Several large investors have recently added to or reduced their stakes in CURB. Rockefeller Capital Management L.P. increased its stake in Curbline Properties by 125.3% during the fourth 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 lifted 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. boosted its holdings in shares of Curbline Properties by 33.5% in the 4th 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 grew its position in shares of Curbline Properties by 25.9% during the 4th 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 last quarter. Finally, BNP Paribas Financial Markets grew its position in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares during the last quarter.

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.