Curbline Properties (NYSE:CURB) Director Sells 135,612 Shares

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 135,612 shares of the company’s stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $30.15, for a total transaction of $4,088,701.80. Following the completion of the sale, the director directly owned 7,411,219 shares in the company, valued at approximately $223,448,252.85. The trade was a 1.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this link.

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

• On Wednesday, August 12th, Alexander Otto sold 96,331 shares of Curbline Properties stock. The shares were sold at an average price of $30.06, for a total transaction of $2,895,709.86.
• On Friday, August 7th, Alexander Otto sold 20,475 shares of Curbline Properties stock. The stock was 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 value 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 value of $1,170,233.96.

Curbline Properties Price Performance

NYSE:CURB traded up $0.24 during trading hours 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. Curbline Properties Corp. has a twelve month low of $21.93 and a twelve month 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. The stock has a fifty day simple moving average of $30.49 and a 200-day simple moving average of $28.22. The company has a market capitalization of $3.48 billion, a P/E ratio of 112.18 and a beta of 0.51.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Curbline Properties by 43.7% during the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after buying an additional 5,351 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Curbline Properties by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock valued at $1,367,000 after acquiring an additional 2,483 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Curbline Properties by 11.9% in the 1st quarter. Goldman Sachs Group Inc. now owns 727,420 shares of the company’s stock valued at $17,596,000 after acquiring an additional 77,322 shares during the last quarter. Jane Street Group LLC purchased a new stake in Curbline Properties during the 1st quarter valued at about $4,025,000. Finally, Intech Investment Management LLC boosted its holdings in Curbline Properties by 58.6% during the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after acquiring an additional 19,204 shares during the period.

Wall Street Analysts Forecast Growth

CURB has been the topic of several recent research reports. KeyCorp increased their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. JPMorgan Chase & Co. upped 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 reissued an “equal weight” rating and set a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Finally, Piper Sandler upped their price target on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.