Alexander Otto Sells 20,475 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 20,475 shares of Curbline Properties stock in a transaction on Friday, August 7th. The shares were sold at an average price of $29.76, for a total value of $609,336.00. Following the completion of the sale, the director directly owned 7,643,162 shares of the company’s stock, valued at $227,460,501.12. The trade was a 0.27% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

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

• 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 value 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 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 Trading Up 0.9%

NYSE CURB traded up $0.26 during 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 capitalization of $3.44 billion, a PE ratio of 110.67 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. The firm has a 50 day moving average price of $30.41 and a 200 day moving average price of $28.07. Curbline Properties Corp. has a twelve month low of $21.75 and a twelve month high of $32.15.

Analysts Set New Price Targets

A number of research analysts recently weighed in on CURB shares. KeyCorp lifted their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. JPMorgan Chase & Co. boosted their price target on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research note on Monday, May 4th. Citigroup upped their price objective on Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Five 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, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $31.11.

Hedge Funds Weigh In On Curbline Properties

Several large investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new stake in Curbline Properties in the second quarter valued at $531,338,000. T. Rowe Price Investment Management Inc. raised its position in shares of Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock worth $309,687,000 after acquiring an additional 2,365,894 shares in the last quarter. State Street Corp lifted its stake in Curbline Properties by 1.9% during the second quarter. State Street Corp now owns 5,515,437 shares of the company’s stock worth $126,772,000 after purchasing an additional 101,813 shares during the last quarter. Principal Financial Group Inc. lifted its stake in Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock worth $133,489,000 after purchasing an additional 2,714,859 shares during the last quarter. Finally, Daiwa Securities Group Inc. increased 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 valued at $61,966,000 after purchasing an additional 562,642 shares during the last quarter.

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.