Curbline Properties (NYSE:CURB) Director Alexander Otto Sells 38,788 Shares of Stock

Curbline Properties Corp. (NYSE:CURB) Director Alexander Otto sold 38,788 shares of Curbline Properties 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

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 Price Performance

Shares of CURB opened at $29.68 on Friday. Curbline Properties Corp. has a fifty-two week low of $21.75 and a fifty-two week high of $32.15. The firm’s 50-day simple moving average is $30.40 and its two-hundred day simple moving average is $28.03. The stock has a market cap of $3.41 billion, a PE ratio of 109.91 and a beta of 0.51. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.63 and a current ratio of 0.63.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in CURB. Rockefeller Capital Management L.P. increased its position in shares of Curbline Properties by 125.3% during the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after acquiring an additional 654 shares in the last quarter. Parallel Advisors LLC lifted its position in Curbline Properties by 393.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock valued at $45,000 after acquiring an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Curbline Properties by 33.5% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company’s stock valued at $64,000 after acquiring an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in Curbline Properties by 25.9% during the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after purchasing an additional 1,672 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Curbline Properties by 28.5% during the 2nd quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after purchasing an additional 2,091 shares during the last quarter.

Wall Street Analyst Weigh In

Several analysts recently weighed in on CURB shares. Weiss Ratings restated a “hold (c+)” rating on shares of Curbline Properties in a research note on Wednesday, July 29th. Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a report on Monday, June 15th. JPMorgan Chase & Co. boosted 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. Wall Street Zen raised Curbline Properties from a “strong sell” rating to a “sell” rating in a research note on Saturday, August 1st. Finally, KeyCorp raised their price target on Curbline Properties from $32.00 to $34.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.