Curbline Properties (NYSE:CURB) Director Sells 109,366 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 109,366 shares of the firm’s stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.79, for a total transaction of $3,258,013.14. Following the completion of the sale, the director owned 7,663,637 shares of the company’s stock, valued at $228,299,746.23. This trade represents a 1.41% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Friday, August 7th, Alexander Otto sold 20,475 shares of Curbline Properties stock. The stock was sold at an average price of $29.76, for a total value of $609,336.00.
• On Wednesday, August 5th, Alexander Otto sold 134,269 shares of Curbline Properties stock. The stock was sold at an average price of $30.11, for a total value of $4,042,839.59.
• On Tuesday, August 4th, Alexander Otto sold 38,788 shares of Curbline Properties stock. The shares were sold at an average price of $30.17, for a total value of $1,170,233.96.

Curbline Properties Stock Up 0.9%

Shares of NYSE CURB traded up $0.26 during mid-day trading on Monday, hitting $29.88. 1,083,228 shares of the stock traded hands, compared to its average volume of 984,849. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. Curbline Properties Corp. has a 52 week low of $21.75 and a 52 week high of $32.15. The company has a market cap of $3.44 billion, a price-to-earnings ratio of 110.67 and a beta of 0.51. The stock has a fifty day moving average price of $30.41 and a 200-day moving average price of $28.07.

Analysts Set New Price Targets

A number of brokerages have recently commented on CURB. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. KeyCorp lifted their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Piper Sandler boosted their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a report on Thursday, June 18th. Finally, Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

Hedge Funds Weigh In On Curbline Properties

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Rockefeller Capital Management L.P. raised its holdings in shares of 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 boosted its holdings in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after purchasing an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 worth $64,000 after purchasing an additional 694 shares during the last quarter. Federation des caisses Desjardins du Quebec grew its position in Curbline Properties by 25.9% in the 4th 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 period. Finally, BNP Paribas Financial Markets raised its stake in 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.