Alexander Otto Sells 20,475 Shares of Curbline Properties (NYSE:CURB) Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 20,475 shares of Curbline Properties 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 approximately $227,460,501.12. This represents a 0.27% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction 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 transaction 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 transaction of $1,170,233.96.

Curbline Properties Stock Performance

NYSE:CURB opened at $29.61 on Wednesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63. The firm has a market capitalization of $3.41 billion, a price-to-earnings ratio of 109.67 and a beta of 0.51. The company’s 50-day moving average is $30.44 and its two-hundred day moving average is $28.14. Curbline Properties Corp. has a 1-year low of $21.89 and a 1-year high of $32.15.

Institutional Investors Weigh In On Curbline Properties

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Paralel Advisors LLC acquired a new position in shares of Curbline Properties in the 2nd quarter worth approximately $1,824,000. NFJ Investment Group LLC acquired a new stake in Curbline Properties in the 2nd quarter valued at approximately $2,227,000. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Curbline Properties in the second quarter valued at approximately $4,299,000. BlackRock Inc. purchased a new stake in Curbline Properties in the second quarter valued at approximately $531,338,000. Finally, Deutsche Bank AG acquired a new position in Curbline Properties during the second quarter worth $62,145,000.

Analysts Set New Price Targets

CURB has been the topic of a number of recent analyst reports. Piper Sandler upped their price objective on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Weiss Ratings reissued a “hold (c+)” rating on shares of Curbline Properties in a research note on Wednesday, July 29th. JPMorgan Chase & Co. lifted their target price on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Wolfe Research lowered Curbline Properties from an “outperform” rating to a “peer perform” rating in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded Curbline Properties from a “strong sell” rating to a “sell” rating in a report on Saturday, August 1st. Five investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, Curbline Properties currently has a consensus 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.