Alexander Otto Sells 134,269 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 134,269 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $30.11, for a total value of $4,042,839.59. Following the sale, the director owned 7,773,003 shares in the company, valued at approximately $234,045,120.33. This represents a 1.70% 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 Tuesday, August 4th, Alexander Otto sold 38,788 shares of Curbline Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $1,170,233.96.

Curbline Properties Price Performance

Shares of CURB opened at $29.59 on Friday. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 109.61 and a beta of 0.51. Curbline Properties Corp. has a 1-year low of $21.75 and a 1-year high of $32.15. The company’s fifty day simple moving average is $30.41 and its 200 day simple moving average is $28.04. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17.

Hedge Funds Weigh In On Curbline Properties

Large investors have recently made changes to their positions in the company. Rockefeller Capital Management L.P. grew its holdings in Curbline Properties by 125.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after buying an additional 654 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Curbline Properties by 33.5% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after acquiring an additional 694 shares during the period. Federation des caisses Desjardins du Quebec boosted its position in shares of Curbline Properties by 25.9% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after acquiring an additional 1,672 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Curbline Properties in the first quarter valued at about $224,000.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Piper Sandler upped their target price on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. JPMorgan Chase & Co. boosted their price target on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. KeyCorp upped their price objective on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Finally, Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat, Curbline Properties currently has a consensus rating of “Moderate Buy” and an average target price of $31.11.

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.