Key Points
- Director Alexander Otto sold 96,331 Curbline Properties shares at an average price of $30.06, generating approximately $2.90 million. After the sale, he retained 7.55 million shares valued at roughly $226.9 million.
- Otto has made several additional sales in August, totaling hundreds of thousands of shares and several million dollars in proceeds.
- CURB shares opened at $30.29, with a 52-week range of $21.93 to $32.15. Analysts maintain a consensus “Moderate Buy” rating and an average price target of $31.11.
Curbline Properties Corp. (NYSE:CURB - Get Free Report) Director Alexander Otto sold 96,331 shares of the firm's stock in a transaction on Wednesday, August 12th. The stock was sold at an average price of $30.06, for a total value of $2,895,709.86. Following the transaction, the director owned 7,546,831 shares in the company, valued at $226,857,739.86. The trade was a 1.26% 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 13th, Alexander Otto sold 135,612 shares of Curbline Properties stock. The shares were sold at an average price of $30.15, for a total value of $4,088,701.80.
- On Friday, August 7th, Alexander Otto sold 20,475 shares of Curbline Properties stock. The stock was sold at an average price of $29.76, for a total value of $609,336.00.
- On Thursday, August 6th, Alexander Otto sold 109,366 shares of Curbline Properties stock. The stock was 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 shares were sold at an average price of $30.17, for a total value of $1,170,233.96.
Curbline Properties Stock Performance
CURB stock opened at $30.29 on Friday. Curbline Properties Corp. has a 1-year low of $21.93 and a 1-year high of $32.15. The business has a 50-day moving average price of $30.51 and a 200 day moving average price of $28.24. The company has a market capitalization of $3.48 billion, a P/E ratio of 112.18 and a beta of 0.51. 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
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Rockefeller Capital Management L.P. raised its holdings in Curbline Properties by 125.3% in the fourth quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company's stock worth $27,000 after purchasing an additional 654 shares in the last quarter. Parallel Advisors LLC lifted its position 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 valued at $45,000 after buying an additional 1,626 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of 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 buying an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its holdings in shares of Curbline Properties by 25.9% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company's stock valued at $189,000 after buying an additional 1,672 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in shares of Curbline Properties in the 1st quarter valued at about $224,000.
Wall Street Analyst Weigh In
A number of research analysts have commented on CURB shares. Citigroup raised their target price on shares of Curbline Properties from $33.00 to $36.00 and gave the company a "buy" rating in a research report on Monday, August 3rd. Wolfe Research downgraded shares of Curbline Properties from an "outperform" rating to a "peer perform" rating in a research note on Monday, June 15th. Weiss Ratings raised shares of Curbline Properties from a "hold (c+)" rating to a "buy (b-)" rating in a report on Wednesday. Morgan Stanley reissued an "equal weight" rating and issued a $30.00 price objective on shares of Curbline Properties in a research note on Thursday, June 18th. Finally, Wall Street Zen upgraded Curbline Properties from a "strong sell" rating to a "sell" rating in a report on Saturday, August 1st. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $31.11.
Check Out Our Latest Report on Curbline Properties
About Curbline Properties
(
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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