Key Points
- Director Alexander Otto sold 38,788 Curbline Properties shares at an average price of $30.17, generating approximately $1.17 million. He also sold 134,269 shares the following day for about $4.04 million, reducing his direct ownership to 7.91 million shares.
- Curbline shares opened at $29.68, with a market capitalization of approximately $3.41 billion and a 52-week range of $21.75 to $32.15. Analysts maintain a “Moderate Buy” consensus and an average price target of $31.11.
- Several major institutional investors increased their positions, including T. Rowe Price Investment Management, Principal Financial Group, State Street, Daiwa Securities and Geode Capital Management.
Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 38,788 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $30.17, for a total value of $1,170,233.96. Following the sale, the director directly owned 7,907,272 shares in the company, valued at $238,562,396.24. This trade represents a 0.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 value of $4,042,839.59.
Curbline Properties Price Performance
Shares of NYSE:CURB opened at $29.68 on Friday. 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 firm has a market cap of $3.41 billion, a price-to-earnings ratio of 109.91 and a beta of 0.51. The business has a 50-day simple moving average of $30.40 and a two-hundred day simple moving average of $28.03. Curbline Properties Corp. has a fifty-two week low of $21.75 and a fifty-two week high of $32.15.
Wall Street Analyst Weigh In
Several research firms have recently weighed in on CURB. Piper Sandler boosted their price objective on shares of Curbline Properties from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Wednesday, July 29th. JPMorgan Chase & Co. raised their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an "overweight" rating in a report on Monday, May 4th. Morgan Stanley reaffirmed an "equal weight" rating and issued a $30.00 target price on shares of Curbline Properties in a research report on Thursday, June 18th. Citigroup boosted their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a research note on Monday. Finally, KeyCorp boosted their target price on shares of Curbline Properties from $32.00 to $34.00 and gave the company an "overweight" rating in a research note on Wednesday, July 29th. Five research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Curbline Properties presently has a consensus rating of "Moderate Buy" and a consensus target price of $31.11.
Get Our Latest Report on Curbline Properties
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of CURB. T. Rowe Price Investment Management Inc. grew its stake in shares of Curbline Properties by 21.6% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 13,342,821 shares of the company's stock valued at $309,687,000 after purchasing an additional 2,365,894 shares during the period. State Street Corp lifted its stake in shares of Curbline Properties by 1.9% in the 2nd quarter. State Street Corp now owns 5,515,437 shares of the company's stock worth $126,772,000 after purchasing an additional 101,813 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Curbline Properties by 110.3% in the first quarter. Principal Financial Group Inc. now owns 5,176,015 shares of the company's stock worth $133,489,000 after buying an additional 2,714,859 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in shares of Curbline Properties by 25.4% in the third quarter. Daiwa Securities Group Inc. now owns 2,778,716 shares of the company's stock worth $61,966,000 after buying an additional 562,642 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Curbline Properties by 0.9% in the fourth quarter. Geode Capital Management LLC now owns 2,516,893 shares of the company's stock worth $58,426,000 after buying an additional 22,731 shares during the last quarter.
About Curbline Properties
(
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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.
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