Curbline Properties (NYSE:CURB) Director Alexander Otto 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 transaction, the director directly owned 7,411,219 shares in the company, valued at $223,448,252.85. The trade was a 1.80% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Wednesday, August 12th, Alexander Otto sold 96,331 shares of Curbline Properties stock. The stock was 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 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 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 transaction 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 transaction of $1,170,233.96.

Curbline Properties Stock Up 0.8%

Shares of NYSE CURB opened at $30.29 on Friday. 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 business’s 50 day moving average is $30.51 and its two-hundred day moving average is $28.24. Curbline Properties Corp. has a 52-week low of $21.93 and a 52-week high of $32.15. The firm has a market cap of $3.48 billion, a price-to-earnings ratio of 112.18 and a beta of 0.51.

Institutional Trading of Curbline Properties

Large investors have recently made changes to their positions in the company. Royal Bank of Canada raised its holdings in Curbline Properties by 43.7% in the first quarter. Royal Bank of Canada now owns 17,595 shares of the company’s stock valued at $425,000 after acquiring an additional 5,351 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Curbline Properties by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,529 shares of the company’s stock worth $1,367,000 after acquiring an additional 2,483 shares in the last quarter. Goldman Sachs Group Inc. increased its position 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 purchasing an additional 77,322 shares during the last quarter. Jane Street Group LLC purchased a new stake in shares of Curbline Properties in the 1st quarter valued at approximately $4,025,000. Finally, Intech Investment Management LLC increased its position in shares of Curbline Properties by 58.6% in the 1st quarter. Intech Investment Management LLC now owns 51,984 shares of the company’s stock valued at $1,257,000 after purchasing an additional 19,204 shares during the last quarter.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CURB shares. Wall Street Zen raised shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Citigroup raised their price target on shares of Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. 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. Piper Sandler upped their price objective on Curbline Properties from $39.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Finally, KeyCorp increased 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. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price 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.