Curbline Properties (NYSE:CURB) Director Sells 110,144 Shares of Stock

Key Points

• Director Alexander Otto sold 110,144 Curbline Properties shares at an average price of $30.11, generating approximately $3.32 million. He still directly owns 6.81 million shares, and has made several additional sales in August.
• Curbline Properties shares opened at $29.53, with a market capitalization of about $3.40 billion. The company recently reported quarterly EPS of $0.31, well above the $0.04 consensus estimate, while revenue rose 52.9% year over year to $63.3 million.
• Analysts maintain a “Moderate Buy” consensus, with seven Buy ratings and three Holds and an average price target of $31.50. Recent institutional activity included a new $531.3 million stake by BlackRock and increased holdings from several other major investors.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 110,144 shares of the business's stock in a transaction on Friday, August 28th. The shares were sold at an average price of $30.11, for a total transaction of $3,316,435.84. Following the sale, the director directly owned 6,811,882 shares in the company, valued at $205,105,767.02. The trade was a 1.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

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

• On Wednesday, August 26th, Alexander Otto sold 134,868 shares of Curbline Properties stock. The stock was sold at an average price of $30.17, for a total value of $4,068,967.56.
• On Tuesday, August 25th, Alexander Otto sold 174,293 shares of Curbline Properties stock. The stock was sold at an average price of $30.12, for a total value of $5,249,705.16.
• On Wednesday, August 19th, Alexander Otto sold 1,206 shares of Curbline Properties stock. The shares were sold at an average price of $30.10, for a total value of $36,300.60.
• On Tuesday, August 18th, Alexander Otto sold 32,927 shares of Curbline Properties stock. The shares were sold at an average price of $30.02, for a total value of $988,468.54.
• On Monday, August 17th, Alexander Otto sold 9,173 shares of Curbline Properties stock. The shares were sold at an average price of $30.04, for a total value of $275,556.92.
• On Friday, August 14th, Alexander Otto sold 136,226 shares of Curbline Properties stock. The stock was sold at an average price of $30.25, for a total value of $4,120,836.50.
• 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 Wednesday, August 12th, Alexander Otto sold 96,331 shares of Curbline Properties stock. The stock was sold at an average price of $30.06, for a total value of $2,895,709.86.
• 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 value 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 value of $3,258,013.14.

Curbline Properties Trading Up 0.2%

Shares of CURB opened at $29.53 on Tuesday. Curbline Properties Corp. has a twelve month low of $21.93 and a twelve month high of $32.15. The stock has a market cap of $3.40 billion, a PE ratio of 109.37 and a beta of 0.49. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. The business's 50-day moving average price is $30.28 and its 200-day moving average price is $28.80.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings data on Tuesday, July 28th. The company reported $0.31 EPS for the quarter, beating analysts' consensus estimates of $0.04 by $0.27. The company had revenue of $63.30 million during the quarter, compared to analyst estimates of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. Curbline Properties's revenue was up 52.9% compared to the same quarter last year. During the same period last year, the business earned $0.26 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. On average, equities analysts forecast that Curbline Properties Corp. will post 1.25 EPS for the current fiscal year.

Hedge Funds Weigh In On Curbline Properties

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new stake in shares of Curbline Properties during the 2nd quarter worth $531,338,000. T. Rowe Price Investment Management Inc. increased its stake in Curbline Properties by 21.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company's stock valued at $309,687,000 after acquiring an additional 2,365,894 shares during the last quarter. State Street Corp increased its stake in 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 acquiring an additional 101,813 shares during the last quarter. Principal Financial Group Inc. increased its stake in Curbline Properties by 110.3% in the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock valued at $133,489,000 after acquiring an additional 2,714,859 shares during the last quarter. Finally, Alyeska Investment Group L.P. raised its position in Curbline Properties by 50.2% during the second quarter. Alyeska Investment Group L.P. now owns 3,457,221 shares of the company's stock valued at $105,100,000 after purchasing an additional 1,155,731 shares in the last quarter.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Weiss Ratings raised shares of Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday, August 12th. Wall Street Zen raised Curbline Properties from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st. Wolfe Research cut Curbline Properties from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 15th. Piper Sandler decreased their target price on Curbline Properties from $40.00 to $39.00 and set an "overweight" rating on the stock in a research note on Thursday, August 27th. Finally, Jefferies Financial Group assumed coverage on Curbline Properties in a research note on Tuesday, August 25th. They issued a "buy" rating and a $36.00 target price on the stock. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $31.50.

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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