Insider Selling: Curbline Properties (NYSE:CURB) Director Sells $5,249,705.16 in Stock

Key Points

• Director Alexander Otto sold 174,293 CURB shares for approximately $5.25 million at an average price of $30.12, reducing his direct stake by 2.41% to 7.06 million shares. He has also made several additional sales in August.
• Curbline Properties shares fell 0.7% to $29.90, while the company reported quarterly EPS of $0.31—well above the $0.04 analyst consensus—and revenue of $63.3 million, up 52.9% year over year.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $31.50; recent targets range from $31 to $36.

Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 174,293 shares of Curbline Properties stock in a transaction on Tuesday, August 25th. The stock was sold at an average price of $30.12, for a total transaction of $5,249,705.16. Following the sale, the director directly owned 7,057,394 shares of the company's stock, valued at $212,568,707.28. This represents a 2.41% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

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

• On Wednesday, August 26th, Alexander Otto sold 134,868 shares of Curbline Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $4,068,967.56.
• 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 stock was 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 stock was 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 shares were 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 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.

Curbline Properties Trading Down 0.7%

CURB traded down $0.22 during mid-day trading on Thursday, hitting $29.90. The stock had a trading volume of 876,621 shares, compared to its average volume of 1,017,914. The stock's fifty day simple moving average is $30.47 and its 200-day simple moving average is $28.58. The firm has a market capitalization of $3.44 billion, a price-to-earnings ratio of 110.75 and a beta of 0.51. Curbline Properties Corp. has a 1-year low of $21.93 and a 1-year high of $32.15. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63.

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 business had revenue of $63.30 million during the quarter, compared to analysts' expectations of $57.25 million. Curbline Properties had a net margin of 13.10% and a return on equity of 1.50%. The firm's quarterly revenue was up 52.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.26 EPS. Curbline Properties has set its FY 2026 guidance at 1.240-1.260 EPS. As a group, research analysts forecast that Curbline Properties Corp. will post 1.26 EPS for the current fiscal year.

Institutional Trading of Curbline Properties

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Amundi lifted its position in shares of Curbline Properties by 2.1% in the second quarter. Amundi now owns 53,080 shares of the company's stock worth $1,614,000 after purchasing an additional 1,113 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Curbline Properties in the second quarter valued at $2,327,000. California State Teachers Retirement System grew its position in Curbline Properties by 2,858.3% in the second quarter. California State Teachers Retirement System now owns 3,412,917 shares of the company's stock valued at $112,267,000 after purchasing an additional 3,297,550 shares in the last quarter. Greenland Capital Management LP grew its position in Curbline Properties by 611.5% in the second quarter. Greenland Capital Management LP now owns 71,150 shares of the company's stock valued at $2,163,000 after purchasing an additional 61,150 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Curbline Properties in the 2nd quarter valued at $55,000.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. KeyCorp increased their target price on Curbline Properties from $32.00 to $34.00 and gave the stock an "overweight" rating in a research note on Wednesday, July 29th. Weiss Ratings raised shares of Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, August 12th. 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. JPMorgan Chase & Co. increased their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a research report on Monday, May 4th. Finally, Jefferies Financial Group initiated coverage on shares of Curbline Properties in a report on Tuesday. They set a "buy" rating and a $36.00 price objective on the stock. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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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