Curbline Properties Corp. (NYSE:CURB – Get Free Report) Director Alexander Otto sold 839 shares of the business’s stock in a transaction dated Monday, September 14th. The shares were sold at an average price of $29.52, for a total value of $24,767.28. Following the completion of the transaction, the director directly owned 6,550,075 shares of the company’s stock, valued at approximately $193,358,214. This trade represents a 0.01% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Alexander Otto also recently made the following trade(s):
- On Thursday, September 10th, Alexander Otto sold 2,344 shares of Curbline Properties stock. The stock was sold at an average price of $29.51, for a total value of $69,171.44.
- On Wednesday, September 9th, Alexander Otto sold 33,112 shares of Curbline Properties stock. The shares were sold at an average price of $29.59, for a total transaction of $979,784.08.
- On Tuesday, September 8th, Alexander Otto sold 221,812 shares of Curbline Properties stock. The shares were sold at an average price of $29.68, for a total value of $6,583,380.16.
- On Friday, August 28th, Alexander Otto sold 110,144 shares of Curbline Properties stock. The shares were sold at an average price of $30.11, for a total value of $3,316,435.84.
- On Wednesday, August 26th, Alexander Otto sold 134,868 shares of Curbline Properties stock. The shares were sold at an average price of $30.17, for a total transaction of $4,068,967.56.
- On Tuesday, August 25th, Alexander Otto sold 174,293 shares of Curbline Properties stock. The stock was 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 stock was sold at an average price of $30.10, for a total value 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 value of $988,468.54.
- On Monday, August 17th, Alexander Otto sold 9,173 shares of Curbline Properties stock. The shares were sold at an average price of $30.04, for a total value of $275,556.92.
- On Friday, August 14th, Alexander Otto sold 136,226 shares of Curbline Properties stock. The shares were sold at an average price of $30.25, for a total value of $4,120,836.50.
Curbline Properties Stock Performance
Shares of Curbline Properties stock opened at $28.71 on Thursday. Curbline Properties Corp. has a one year low of $22.08 and a one year high of $32.15. The company has a market cap of $3.30 billion, a price-to-earnings ratio of 106.35 and a beta of 0.49. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63. The business’s 50 day moving average price is $30.13 and its 200 day moving average price is $28.88.
Curbline Properties Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Tuesday, September 29th will be issued a $0.17 dividend. The ex-dividend date of this dividend is Tuesday, September 29th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. Curbline Properties’s dividend payout ratio is currently 251.85%.
Wall Street Analysts Forecast Growth
CURB has been the topic of a number of analyst reports. Citigroup lifted their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the stock a “buy” rating in a research note on Monday, August 3rd. Weiss Ratings raised Curbline Properties from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Wednesday, August 12th. Jefferies Financial Group began coverage on shares of Curbline Properties in a report on Tuesday, August 25th. They issued a “buy” rating and a $36.00 target price for the company. Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Finally, Piper Sandler dropped their price target on shares of Curbline Properties from $40.00 to $39.00 and set an “overweight” rating for the company in a research note on Thursday, August 27th. Seven investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.22.
Get Our Latest Stock Analysis on CURB
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in CURB. HBK Investments L P acquired a new position in shares of Curbline Properties in the 2nd quarter valued at $1,520,000. WINTON GROUP Ltd grew its stake in Curbline Properties by 1.9% during the 2nd quarter. WINTON GROUP Ltd now owns 219,012 shares of the company’s stock worth $6,658,000 after buying an additional 4,183 shares during the last quarter. Maven Securities LTD acquired a new stake in shares of Curbline Properties in the second quarter valued at approximately $2,280,000. Squarepoint Ops LLC grew its position in shares of Curbline Properties by 422.2% during the second quarter. Squarepoint Ops LLC now owns 178,956 shares of the company’s stock worth $5,440,000 after acquiring an additional 144,689 shares during the last quarter. Finally, Nykredit A S purchased a new stake in Curbline Properties in the 2nd quarter valued at $55,000.
About Curbline Properties
Curbline Properties Corporation (NYSE: CURB) is a self-managed real estate investment trust focused on owning and operating convenience-oriented retail properties. Its portfolio primarily consists of open-air shopping centers designed to serve everyday consumer needs and support services in established communities.
The company’s properties are generally occupied by tenants such as grocery stores, restaurants, healthcare providers, fitness operators, personal-service businesses and other necessity- and service-oriented retailers.
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