Insider Selling: Curbline Properties (NYSE:CURB) Director Sells $1,170,233.96 in Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 38,788 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $30.17, for a total value of $1,170,233.96. Following the completion of the sale, the director owned 7,907,272 shares of the company’s stock, valued at $238,562,396.24. This trade represents a 0.49% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

• 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 Stock Performance

CURB stock traded down $0.38 during trading on Thursday, hitting $29.68. 1,507,376 shares of the company’s stock traded hands, compared to its average volume of 983,560. The stock has a market capitalization of $3.41 billion, a price-to-earnings ratio of 109.91 and a beta of 0.51. Curbline Properties Corp. has a 52 week low of $21.75 and a 52 week high of $32.15. The stock has a fifty day moving average price of $30.39 and a two-hundred day moving average price of $27.99. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.17.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CURB. JPMorgan Chase & Co. boosted their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Curbline Properties in a report on Wednesday, July 29th. Piper Sandler lifted 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. Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Finally, KeyCorp increased their price target on Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a research report on Wednesday, July 29th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Curbline Properties currently has an average rating of “Moderate Buy” and a consensus price target of $31.11.

Institutional Trading of Curbline Properties

Several hedge funds have recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Curbline Properties by 110.3% during the 1st quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after purchasing an additional 2,714,859 shares during the period. T. Rowe Price Investment Management Inc. increased its stake in shares of Curbline Properties by 21.6% in the fourth quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company’s stock valued at $309,687,000 after purchasing an additional 2,365,894 shares during the period. Bank of New York Mellon Corp acquired a new stake in shares of Curbline Properties in the second quarter valued at approximately $22,836,000. Balyasny Asset Management L.P. raised its holdings in shares of Curbline Properties by 36.4% during the second quarter. Balyasny Asset Management L.P. now owns 2,164,444 shares of the company’s stock valued at $49,414,000 after buying an additional 577,037 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Curbline Properties by 25.4% during the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company’s stock valued at $61,966,000 after buying an additional 562,642 shares during 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.