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

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 96,331 shares of the business’s stock in a transaction dated Wednesday, August 12th. The stock was sold at an average price of $30.06, for a total transaction of $2,895,709.86. Following the sale, the director owned 7,546,831 shares in the company, 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 document filed with the Securities & Exchange Commission, which is accessible through 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 shares were sold at an average price of $30.15, for a total transaction 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 stock was 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 stock was 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 Stock Up 0.8%

CURB stock traded up $0.24 during midday trading on Friday, hitting $30.29. The company’s stock had a trading volume of 1,019,836 shares, compared to its average volume of 984,896. The firm has a 50-day simple moving average of $30.49 and a 200-day simple moving average of $28.22. The firm has a market capitalization of $3.48 billion, a P/E ratio of 112.18 and a beta of 0.51. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15.

Wall Street Analyst Weigh In

CURB has been the subject of a number of recent research reports. KeyCorp lifted their target price on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. 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. Morgan Stanley reiterated an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, Citigroup upped their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

Institutional Investors Weigh In On Curbline Properties

Institutional investors have recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its stake in shares of Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after purchasing an additional 654 shares in the last quarter. Parallel Advisors LLC raised its stake in Curbline Properties by 393.7% in the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in Curbline Properties by 33.5% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after buying an additional 694 shares during the last quarter. Federation des caisses Desjardins du Quebec lifted its holdings in Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after buying an additional 1,672 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its position in shares of Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after acquiring an additional 2,091 shares in the last quarter.

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.