Curbline Properties (NYSE:CURB) Director Sells $1,170,233.96 in Stock

Key Points

• Director Alexander Otto sold Curbline Properties shares worth approximately $1.17 million at an average price of $30.17, reducing his stake by 0.49%. He also sold an additional 134,269 shares the following day for roughly $4.04 million.
• CURB shares traded at $29.68, with a market capitalization of about $3.41 billion and a 52-week range of $21.75 to $32.15.
• Analysts maintain a “Moderate Buy” consensus, supported by five Buy ratings and four Holds, with an average price target of $31.11. Several firms recently raised their targets, including Piper Sandler to $40 and KeyCorp to $34.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 38,788 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $1,170,233.96. Following the completion of the transaction, the director owned 7,907,272 shares of the company's stock, valued at $238,562,396.24. This represents a 0.49% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through 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 transaction of $4,042,839.59.

Curbline Properties Price Performance

CURB stock traded down $0.38 during midday trading on Thursday, hitting $29.68. 1,507,376 shares of the stock were exchanged, compared to its average volume of 983,560. The stock has a market cap of $3.41 billion, a price-to-earnings ratio of 109.91 and a beta of 0.51. 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 fifty-two week low of $21.75 and a fifty-two week high of $32.15. The stock's 50-day moving average price is $30.39 and its 200-day moving average price is $27.99.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley restated an "equal weight" rating and issued a $30.00 price objective on shares of Curbline Properties in a research report on Thursday, June 18th. Weiss Ratings reiterated a "hold (c+)" rating on shares of Curbline Properties in a report on Wednesday, July 29th. JPMorgan Chase & Co. lifted their price objective on Curbline Properties from $30.00 to $31.00 and gave the company an "overweight" rating in a research note on Monday, May 4th. KeyCorp upped their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research report on Wednesday, July 29th. Finally, Piper Sandler upped their price target on Curbline Properties from $39.00 to $40.00 and gave the stock an "overweight" rating 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's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $31.11.

Institutional Investors Weigh In On Curbline Properties

Hedge funds have recently bought and sold shares of the business. Principal Financial Group Inc. grew its holdings in Curbline Properties by 110.3% during 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. raised 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 valued at $309,687,000 after purchasing an additional 2,365,894 shares in the last quarter. Bank of New York Mellon Corp bought a new position in shares of Curbline Properties during the second quarter worth about $22,836,000. Balyasny Asset Management L.P. lifted its position in shares of Curbline Properties by 36.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company's stock worth $49,414,000 after purchasing an additional 577,037 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock worth $61,966,000 after purchasing an additional 562,642 shares in 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.

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