Curbline Properties (NYSE:CURB) Director Sells 96,331 Shares

Key Points

• Director Alexander Otto sold 96,331 Curbline Properties shares at an average price of $30.06, generating approximately $2.90 million. He retained 7.55 million shares after the transaction.
• Otto has made several additional sales recently, selling more than 438,000 shares in related transactions from August 4–13.
• Curbline shares rose 0.8% to $30.29, while institutional ownership increased. Analysts maintain a “Moderate Buy” consensus with an average price target of $31.11.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 96,331 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $30.06, for a total value of $2,895,709.86. Following the completion of the sale, the director directly owned 7,546,831 shares of the company's stock, valued at $226,857,739.86. This trade represents a 1.26% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

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

• On Thursday, August 13th, Alexander Otto sold 135,612 shares of Curbline Properties stock. The stock was sold at an average price of $30.15, for a total value of $4,088,701.80.
• On Friday, August 7th, Alexander Otto sold 20,475 shares of Curbline Properties stock. The shares were 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 shares were sold at an average price of $29.79, for a total transaction 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 transaction of $4,042,839.59.
• On Tuesday, August 4th, Alexander Otto sold 38,788 shares of Curbline Properties stock. The stock was sold at an average price of $30.17, for a total transaction of $1,170,233.96.

Curbline Properties Trading Up 0.8%

CURB stock traded up $0.24 during trading on Friday, reaching $30.29. 1,019,836 shares of the stock were exchanged, compared to its average volume of 984,896. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $30.49 and a 200-day moving average price of $28.22. Curbline Properties Corp. has a 1 year low of $21.93 and a 1 year high of $32.15. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 112.18 and a beta of 0.51.

Institutional Investors Weigh In On Curbline Properties

Institutional investors and hedge funds have recently made changes to their positions in the stock. BlackRock Inc. purchased a new stake in shares of Curbline Properties in the 2nd quarter valued at approximately $531,338,000. T. Rowe Price Investment Management Inc. boosted its position in shares of Curbline Properties by 21.6% during 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 purchasing an additional 2,365,894 shares during the period. State Street Corp grew its stake in shares of Curbline Properties by 1.9% in the second quarter. State Street Corp now owns 5,515,437 shares of the company's stock valued at $126,772,000 after buying an additional 101,813 shares in the last quarter. Principal Financial Group Inc. raised its holdings 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 valued at $133,489,000 after buying an additional 2,714,859 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Curbline Properties by 25.4% in the 3rd quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock valued at $61,966,000 after buying an additional 562,642 shares during the period.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. Piper Sandler lifted 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. Weiss Ratings upgraded Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research report on Wednesday. Morgan Stanley reissued an "equal weight" rating and set a $30.00 target price on shares of Curbline Properties in a research note on Thursday, June 18th. Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a research report on Saturday, August 1st. Finally, Wolfe Research lowered Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. Six equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target 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.

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