Curbline Properties (NYSE:CURB) Director Sells $609,336.00 in Stock

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

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

• 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.
• 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 Performance

Shares of Curbline Properties stock opened at $30.03 on Thursday. The firm has a market cap of $3.45 billion, a P/E ratio of 111.22 and a beta of 0.51. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. Curbline Properties Corp. has a 12 month low of $21.93 and a 12 month high of $32.15. The stock’s fifty day moving average price is $30.47 and its 200-day moving average price is $28.18.

Institutional Investors Weigh In On Curbline Properties

Several institutional investors have recently added to or reduced their stakes in the business. Greenland Capital Management LP purchased a new stake in shares of Curbline Properties during the second quarter worth about $2,163,000. Quantbot Technologies LP acquired a new stake in Curbline Properties in the 2nd quarter worth approximately $2,350,000. Westpac Banking Corp acquired a new stake in Curbline Properties in the 2nd quarter worth approximately $3,540,000. Paralel Advisors LLC purchased a new stake in Curbline Properties during the 2nd quarter worth approximately $1,824,000. Finally, NFJ Investment Group LLC purchased a new stake in Curbline Properties during the 2nd quarter worth approximately $2,227,000.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the stock. KeyCorp boosted their price target 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. Weiss Ratings reiterated a “hold (c+)” rating on shares of Curbline Properties in a research note on Wednesday, July 29th. Wall Street Zen raised shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Wolfe Research downgraded shares of Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Finally, JPMorgan Chase & Co. upped their target price on Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a report on Monday, May 4th. Five analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Curbline Properties currently has a consensus rating of “Moderate Buy” and an average 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.