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

Principal Financial Group Inc. bought a new stake in Curbline Properties (NYSE:CURB) in the fourth quarter, according to the company in its most recent 13F 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 SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of CURB. State of New Jersey Common Pension Fund D purchased a new stake in Curbline Properties in the 4th quarter worth about $3,656,000. Rhumbline Advisers acquired a new position in shares of Curbline Properties in the 4th quarter valued at about $6,986,000. New York State Teachers Retirement System purchased a new stake in shares of Curbline Properties in the fourth quarter worth approximately $626,000. Asset Management One Co. Ltd. acquired a new stake in shares of Curbline Properties during the fourth quarter worth approximately $3,260,000. Finally, Van ECK Associates Corp purchased a new position in Curbline Properties during the fourth quarter valued at approximately $418,000.

Curbline Properties Stock Down 0.9 %

Shares of CURB opened at $24.42 on Friday. The company has a fifty day simple moving average of $23.96. Curbline Properties has a 52-week low of $18.80 and a 52-week high of $25.69.

Curbline Properties (NYSE:CURB) last issued 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. On average, equities research analysts forecast that Curbline Properties will post 1 earnings per share for the current year.

Curbline Properties Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, March 14th.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on CURB shares. Compass Point lifted their price objective on Curbline Properties from $24.00 to $26.00 and gave the company a “neutral” rating in a research report on Wednesday, February 12th. Morgan Stanley started 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. Finally, Piper Sandler lifted their price target on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Wednesday, February 12th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Curbline Properties presently has an average rating of “Hold” and a consensus price target of $25.82.

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.