Alexander Otto Sells 135,612 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 135,612 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $30.15, for a total transaction of $4,088,701.80. Following the completion of the sale, the director directly owned 7,411,219 shares in the company, valued at approximately $223,448,252.85. This trade represents a 1.80% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

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

• On Wednesday, August 12th, Alexander Otto sold 96,331 shares of Curbline Properties stock. The shares were sold at an average price of $30.06, for a total transaction of $2,895,709.86.
• 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 transaction of $609,336.00.
• On Thursday, August 6th, Alexander Otto sold 109,366 shares of Curbline Properties stock. The stock was sold at an average price of $29.79, for a total value of $3,258,013.14.
• 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.
• 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 Trading Up 0.8%

NYSE CURB traded up $0.24 on Friday, hitting $30.29. The company’s stock had a trading volume of 1,019,836 shares, compared to its average volume of 984,896. The firm has a market cap of $3.48 billion, a P/E ratio of 112.18 and a beta of 0.51. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The company’s 50-day simple moving average is $30.49 and its 200 day simple moving average is $28.22. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Curbline Properties

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Curbline Properties during the second quarter valued at $531,338,000. Principal Financial Group Inc. increased its stake in shares of Curbline Properties by 110.3% in the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after acquiring an additional 2,714,859 shares in the last quarter. T. Rowe Price Investment Management Inc. increased its stake in shares of Curbline Properties by 21.6% in the 4th 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. Deutsche Bank AG purchased a new position in Curbline Properties during the 2nd quarter valued at about $62,145,000. Finally, Bank of New York Mellon Corp purchased a new position in Curbline Properties during the 2nd quarter valued at about $22,836,000.

Analysts Set New Price Targets

Several analysts recently weighed in on CURB shares. JPMorgan Chase & Co. lifted their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Citigroup raised their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Piper Sandler boosted their price target on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $31.11.

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.