Insider Selling: Curbline Properties (NYSE:CURB) Director Sells $3,258,013.14 in Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 109,366 shares of the stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $29.79, for a total transaction of $3,258,013.14. Following the completion of the sale, the director directly owned 7,663,637 shares in the company, valued at approximately $228,299,746.23. The trade was a 1.41% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

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

• On Friday, August 7th, Alexander Otto sold 20,475 shares of Curbline Properties stock. The shares were sold at an average price of $29.76, for a total transaction of $609,336.00.
• On Wednesday, August 5th, Alexander Otto sold 134,269 shares of Curbline Properties stock. The shares were 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 shares were sold at an average price of $30.17, for a total value of $1,170,233.96.

Curbline Properties Stock Up 1.5%

Shares of NYSE CURB opened at $30.03 on Thursday. Curbline Properties Corp. has a 12 month low of $21.93 and a 12 month high of $32.15. The company has a current ratio of 0.63, a quick ratio of 0.63 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 111.22 and a beta of 0.51. The business has a 50-day moving average of $30.47 and a 200-day moving average of $28.18.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on CURB shares. KeyCorp increased their price target on shares of Curbline Properties from $32.00 to $34.00 and gave the stock an “overweight” rating in a report on Wednesday, July 29th. Piper Sandler increased their price target on shares of Curbline Properties from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, July 29th. Morgan Stanley restated an “equal weight” rating and issued a $30.00 price objective on shares of Curbline Properties in a report on Thursday, June 18th. JPMorgan Chase & Co. increased their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a report on Monday, May 4th. Finally, Wall Street Zen upgraded shares of Curbline Properties from a “strong sell” rating to a “sell” rating in a research report on Saturday, August 1st. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, Curbline Properties currently has a consensus rating of “Moderate Buy” and an average price target of $31.11.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of CURB. BlackRock Inc. bought a new position in shares of Curbline Properties during the second quarter valued at approximately $531,338,000. Principal Financial Group Inc. grew its holdings in shares of Curbline Properties by 110.3% during the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company’s stock valued at $133,489,000 after buying an additional 2,714,859 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its position in shares of Curbline Properties by 21.6% during 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 buying an additional 2,365,894 shares during the last quarter. Deutsche Bank AG bought a new position in shares of Curbline Properties during the 2nd quarter valued at $62,145,000. Finally, Bank of New York Mellon Corp purchased a new stake in shares of Curbline Properties during the 2nd quarter valued at about $22,836,000.

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.