Alexander Otto Sells 134,269 Shares of Curbline Properties (NYSE:CURB) Stock

Key Points

• Director Alexander Otto sold 134,269 Curbline Properties shares at an average price of $30.11, generating approximately $4.04 million. He retains 7.77 million shares after the sale and also sold 38,788 shares the previous day.
• Curbline Properties shares fell $0.38 to $29.68 during Thursday trading. The stock has traded between $21.75 and $32.15 over the past year and carries a market capitalization of approximately $3.41 billion.
• Analysts maintain a generally positive outlook, with five Buy ratings and four Holds producing a “Moderate Buy” consensus and an average price target of $31.11. Several institutions, including UBS, Principal Financial Group, and First Trust Advisors, recently increased their holdings.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 134,269 shares of the company's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $30.11, for a total transaction of $4,042,839.59. Following the transaction, the director owned 7,773,003 shares in the company, valued at $234,045,120.33. The trade was a 1.70% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

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

• 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 transaction of $1,170,233.96.

Curbline Properties Stock Performance

Shares of NYSE CURB traded down $0.38 during mid-day trading on Thursday, hitting $29.68. The stock had a trading volume of 1,507,376 shares, compared to its average volume of 983,560. 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 company has a 50 day moving average of $30.39 and a two-hundred day moving average of $27.99. Curbline Properties Corp. has a twelve month low of $21.75 and a twelve month high of $32.15. The firm has a market cap of $3.41 billion, a PE ratio of 109.91 and a beta of 0.51.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Citigroup lifted their target price on Curbline Properties from $33.00 to $36.00 and gave the stock a "buy" rating in a report on Monday. Morgan Stanley reiterated an "equal weight" rating and issued a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. Piper Sandler raised their price target on shares of Curbline Properties from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. Finally, Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Curbline Properties in a report on Wednesday, July 29th. Five 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 stock presently has an average rating of "Moderate Buy" and a consensus price target of $31.11.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of CURB. UBS Group AG raised its holdings in Curbline Properties by 175.2% in the 4th quarter. UBS Group AG now owns 425,331 shares of the company's stock worth $9,872,000 after purchasing an additional 270,800 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Curbline Properties by 5.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,523,270 shares of the company's stock valued at $35,355,000 after purchasing an additional 74,477 shares during the period. Principal Financial Group Inc. increased its position in shares of Curbline Properties by 426.5% in the fourth quarter. Principal Financial Group Inc. now owns 2,461,156 shares of the company's stock valued at $57,123,000 after buying an additional 1,993,711 shares in the last quarter. Diamond Hill Capital Management Inc. increased its position in shares of Curbline Properties by 48.7% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 177,437 shares of the company's stock valued at $4,118,000 after buying an additional 58,138 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in shares of Curbline Properties by 410.6% during the 1st quarter. First Trust Advisors LP now owns 308,144 shares of the company's stock worth $7,947,000 after buying an additional 247,797 shares during the period.

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.

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