Curbline Properties Corp. (NYSE:CURB – Get Free Report) Director Alexander Otto sold 134,868 shares of the firm’s stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $30.17, for a total transaction of $4,068,967.56. Following the sale, the director directly owned 6,922,526 shares in the company, valued at $208,852,609.42. This represents a 1.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Alexander Otto also recently made the following trade(s):
- On Tuesday, August 25th, Alexander Otto sold 174,293 shares of Curbline Properties stock. The shares were sold at an average price of $30.12, for a total transaction of $5,249,705.16.
- On Wednesday, August 19th, Alexander Otto sold 1,206 shares of Curbline Properties stock. The shares were sold at an average price of $30.10, for a total transaction of $36,300.60.
- On Tuesday, August 18th, Alexander Otto sold 32,927 shares of Curbline Properties stock. The shares were sold at an average price of $30.02, for a total transaction of $988,468.54.
- On Monday, August 17th, Alexander Otto sold 9,173 shares of Curbline Properties stock. The stock was sold at an average price of $30.04, for a total transaction of $275,556.92.
- On Friday, August 14th, Alexander Otto sold 136,226 shares of Curbline Properties stock. The stock was sold at an average price of $30.25, for a total transaction of $4,120,836.50.
- On Thursday, August 13th, Alexander Otto sold 135,612 shares of Curbline Properties stock. The stock was sold at an average price of $30.15, for a total transaction of $4,088,701.80.
- 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 value 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 stock was 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.
Curbline Properties Price Performance
Shares of NYSE:CURB opened at $29.90 on Friday. The company has a market cap of $3.44 billion, a P/E ratio of 110.75 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. The business has a fifty day simple moving average of $30.47 and a 200-day simple moving average of $28.61.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on CURB. Jefferies Financial Group assumed coverage on shares of Curbline Properties in a report on Tuesday. They set a “buy” rating and a $36.00 price objective on the stock. Morgan Stanley restated an “equal weight” rating and issued a $30.00 target price on shares of Curbline Properties in a report on Thursday, June 18th. Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Citigroup upped their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research report on Monday, August 3rd. Finally, Piper Sandler cut their price target on shares of Curbline Properties from $40.00 to $39.00 and set an “overweight” rating on the stock in a research note on Thursday. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Curbline Properties currently has a consensus rating of “Moderate Buy” and a consensus price target of $31.50.
View Our Latest Stock Report on Curbline Properties
Institutional Investors Weigh In On Curbline Properties
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Amundi raised its holdings in shares of Curbline Properties by 2.1% in the 2nd quarter. Amundi now owns 53,080 shares of the company’s stock worth $1,614,000 after purchasing an additional 1,113 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Curbline Properties during the 2nd quarter worth about $2,327,000. California State Teachers Retirement System grew its holdings in shares of Curbline Properties by 2,858.3% during the 2nd quarter. California State Teachers Retirement System now owns 3,412,917 shares of the company’s stock worth $112,267,000 after purchasing an additional 3,297,550 shares during the period. Greenland Capital Management LP increased its position in Curbline Properties by 611.5% during the 2nd quarter. Greenland Capital Management LP now owns 71,150 shares of the company’s stock worth $2,163,000 after purchasing an additional 61,150 shares in the last quarter. Finally, Nykredit A S acquired a new stake in Curbline Properties during the 2nd quarter worth approximately $55,000.
More Curbline Properties News
Here are the key news stories impacting Curbline Properties this week:
- Positive Sentiment: Piper Sandler maintained an “overweight” rating while trimming its price target from $40 to $39. The new target still implies approximately 30% upside from the referenced $29.90 share price. Piper Sandler price target update
- Positive Sentiment: Jefferies initiated coverage with a “buy” rating and a $36 price target, implying roughly 20% upside. New analyst coverage can improve visibility and reinforce the investment case. Jefferies coverage initiation
- Positive Sentiment: Curbline was upgraded to Zacks Rank #2 (Buy), reflecting greater optimism about its earnings outlook. The company’s latest reported quarter also showed revenue growth of 52.9% year over year and earnings well above consensus. Zacks Curbline rating upgrade
- Neutral Sentiment: Brokerage data places Curbline’s average price target at $31.11, modestly above the referenced trading level, indicating some potential upside but less bullishness than the newest individual analyst targets. Curbline average price target
- Negative Sentiment: Director Alexander Otto sold 134,868 shares for approximately $4.07 million on August 26, following a sale of 174,293 shares worth about $5.25 million on August 25. The combined sale of 309,161 shares reduced his holdings by roughly 4.3%, although he still owns about 6.9 million shares. SEC insider ownership filing
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.
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