Principal Financial Group Inc. Purchases Shares of 542,896 Curbline Properties (NYSE:CURB)

Principal Financial Group Inc. bought a new position in Curbline Properties (NYSE:CURB - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 542,896 shares of the company's stock, valued at approximately $12,606,000. Principal Financial Group Inc. owned approximately 0.52% of Curbline Properties as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC purchased a new stake in Curbline Properties during the 4th quarter valued at $29,000. Mirae Asset Global Investments Co. Ltd. bought a new position in shares of Curbline Properties during the fourth quarter valued at $62,000. KBC Group NV purchased a new stake in shares of Curbline Properties during the fourth quarter valued at $89,000. Stratos Wealth Partners LTD. bought a new stake in Curbline Properties in the 4th quarter worth about $219,000. Finally, Pensionfund Sabic bought a new stake in Curbline Properties in the 4th quarter worth about $232,000.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CURB. Compass Point raised their price target on shares of Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, February 12th. Piper Sandler raised their target price on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Wednesday, February 12th. Finally, Morgan Stanley initiated coverage on shares of Curbline Properties in a research note on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price for the company. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, Curbline Properties currently has a consensus rating of "Hold" and an average price target of $25.82.

Curbline Properties Price Performance

Shares of CURB stock traded down $0.29 during mid-day trading on Monday, reaching $24.34. 271,283 shares of the company's stock traded hands, compared to its average volume of 717,684. Curbline Properties has a 12 month low of $20.16 and a 12 month high of $25.69. The firm's 50 day moving average price is $24.06.

Curbline Properties (NYSE:CURB - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Equities research analysts expect that Curbline Properties will post 1 EPS for the current year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date is Friday, March 14th.

Curbline Properties Profile

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.