Curbline Properties (NYSE:CURB) Director Alexander Otto Sells 96,331 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 96,331 shares of Curbline Properties stock in a transaction that occurred on Wednesday, August 12th. The stock was sold at an average price of $30.06, for a total value of $2,895,709.86. Following the completion of the transaction, the director owned 7,546,831 shares of the company’s stock, valued at approximately $226,857,739.86. This trade represents a 1.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.

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

• On Thursday, August 13th, Alexander Otto sold 135,612 shares of Curbline Properties stock. The shares were sold at an average price of $30.15, for a total value of $4,088,701.80.
• 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 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 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 stock was sold at an average price of $30.17, for a total value of $1,170,233.96.

Curbline Properties Stock Up 0.8%

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. Curbline Properties Corp. has a 52 week low of $21.93 and a 52 week high of $32.15. The firm has a market capitalization of $3.48 billion, a price-to-earnings ratio of 112.18 and a beta of 0.51. The company has a fifty day moving average of $30.51 and a two-hundred day moving average of $28.24.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CURB. Wolfe Research cut shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Morgan Stanley reiterated an “equal weight” rating and set a $30.00 price target on shares of Curbline Properties in a report on Thursday, June 18th. Wall Street Zen raised shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday. Finally, Citigroup boosted their target price on Curbline Properties from $33.00 to $36.00 and gave the company a “buy” rating in a research report on Monday, August 3rd. Six investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $31.11.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Rockefeller Capital Management L.P. increased its stake in Curbline Properties by 125.3% in the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock worth $27,000 after buying an additional 654 shares during the period. Parallel Advisors LLC boosted its position in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after buying an additional 1,626 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position 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 valued at $64,000 after buying an additional 694 shares during the period. Federation des caisses Desjardins du Quebec boosted its position 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 valued at $189,000 after buying an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in 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 acquiring an additional 2,091 shares in the last quarter.

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.