Insider Selling: Curbline Properties (NYSE:CURB) Director Sells 109,366 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 109,366 shares of the stock in a transaction on Thursday, August 6th. The shares were sold at an average price of $29.79, for a total value of $3,258,013.14. Following the completion of the transaction, the director directly owned 7,663,637 shares in the company, valued at approximately $228,299,746.23. This represents a 1.41% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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 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 shares were sold at an average price of $30.17, for a total value of $1,170,233.96.

Curbline Properties Price Performance

CURB traded up $0.26 during midday trading on Monday, hitting $29.88. The stock had a trading volume of 1,083,228 shares, compared to its average volume of 984,849. The company has a market cap of $3.44 billion, a P/E ratio of 110.67 and a beta of 0.51. The business has a fifty day moving average of $30.41 and a 200 day moving average of $28.07. 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 1 year low of $21.75 and a 1 year high of $32.15.

Institutional Investors Weigh In On Curbline Properties

Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. raised its holdings 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 valued at $27,000 after acquiring an additional 654 shares in the last quarter. Parallel Advisors LLC increased its position in Curbline Properties by 393.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after purchasing an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in Curbline Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock worth $64,000 after purchasing an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec raised its holdings in Curbline Properties by 25.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock worth $189,000 after purchasing an additional 1,672 shares in the last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of Curbline Properties by 28.5% in the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock worth $215,000 after purchasing an additional 2,091 shares during the period.

Analyst Ratings Changes

Several equities analysts recently commented on CURB shares. Wolfe Research lowered shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Morgan Stanley restated an “equal weight” rating and set a $30.00 price target on shares of Curbline Properties in a research report on Thursday, June 18th. KeyCorp raised 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Curbline Properties in a report on Wednesday, July 29th. Finally, Piper Sandler boosted their target price on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday, July 29th. Five equities research 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, Curbline Properties has an average rating of “Moderate Buy” and an average price target of $31.11.

About Curbline Properties

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.