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 firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $30.17, for a total transaction of $1,170,233.96. Following the transaction, the director owned 7,907,272 shares of the company’s stock, valued at approximately $238,562,396.24. This trade represents a 0.49% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

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 transaction of $4,042,839.59.

Curbline Properties Stock Up 0.0%

NYSE CURB opened at $29.59 on Friday. Curbline Properties Corp. has a 12 month low of $21.75 and a 12 month high of $32.15. The company has a market capitalization of $3.40 billion, a P/E ratio of 109.61 and a beta of 0.51. The company’s 50 day simple moving average is $30.41 and its 200 day simple moving average is $28.04. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.63 and a quick ratio of 0.63.

Hedge Funds Weigh In On Curbline Properties

A number of large investors have recently made changes to their positions in CURB. BlackRock Inc. purchased a new stake in shares of Curbline Properties in the second quarter worth approximately $531,338,000. Deutsche Bank AG purchased a new position in Curbline Properties during the second quarter valued at approximately $62,145,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Curbline Properties in the 2nd quarter valued at approximately $2,550,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Curbline Properties in the 2nd quarter valued at approximately $5,651,000. Finally, Bank of New York Mellon Corp purchased a new stake in Curbline Properties in the 2nd quarter worth approximately $22,836,000.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on CURB shares. Piper Sandler increased their price objective on Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Wolfe Research cut Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Curbline Properties in a research report on Wednesday, July 29th. JPMorgan Chase & Co. upped their target price on Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a research note on Thursday, June 18th. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.