Key Points
- Director Alexander Otto sold 109,366 Curbline Properties shares at an average price of $29.79, generating approximately $3.26 million. After the transaction, he retained 7.66 million shares valued at roughly $228.3 million.
- Otto also sold shares in three additional transactions from August 4–7, bringing the value of his reported recent sales to approximately $9.08 million.
- Curbline Properties opened at $29.88, with a market capitalization of $3.44 billion. Analysts maintain a “Moderate Buy” consensus rating and an average price target of $31.11, although ratings include both upgrades and downgrades.
Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 20,475 shares of the firm's 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 $227,460,501.12. The trade was a 0.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 shares were sold at an average price of $29.79, for a total value 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 value 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 value of $1,170,233.96.
Curbline Properties Price Performance
CURB opened at $29.88 on Tuesday. Curbline Properties Corp. has a 12-month low of $21.75 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 business's fifty day simple moving average is $30.43 and its 200-day simple moving average is $28.10. The company has a market capitalization of $3.44 billion, a price-to-earnings ratio of 110.67 and a beta of 0.51.
Institutional Trading of Curbline Properties
Large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Curbline Properties by 125.3% in the 4th 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 during the last quarter. Parallel Advisors LLC raised its holdings in shares of Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company's stock worth $45,000 after purchasing an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Curbline Properties by 33.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,768 shares of the company's stock valued at $64,000 after purchasing an additional 694 shares during the period. Federation des caisses Desjardins du Quebec lifted its position in Curbline Properties by 25.9% during the fourth 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 period. Finally, BNP Paribas Financial Markets boosted its holdings in Curbline Properties by 28.5% in the second 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.
Analysts Set New Price Targets
Several research analysts have issued reports on CURB shares. JPMorgan Chase & Co. increased 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. Wolfe Research cut shares of Curbline Properties from an "outperform" rating to a "peer perform" rating in a research report on Monday, June 15th. Wall Street Zen upgraded shares of Curbline Properties from a "strong sell" rating to a "sell" rating in a research note on Saturday, August 1st. Citigroup lifted their price objective on shares of Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a report on Monday, August 3rd. Finally, KeyCorp boosted their price objective on shares of Curbline Properties from $32.00 to $34.00 and gave the stock 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $31.11.
Read Our Latest Report on Curbline Properties
Curbline Properties Company Profile
(
Get Free Report)
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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