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

Curbline Properties Corp. (NYSE:CURBGet 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.

Get Our Latest Report on Curbline Properties

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

(Get Free Report)

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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