Principal Financial Group Inc. Acquires 17,160 Shares of Curbline Properties Corp. (NYSE:CURB)

Principal Financial Group Inc. boosted its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 3.2% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 560,056 shares of the company's stock after acquiring an additional 17,160 shares during the period. Principal Financial Group Inc. owned 0.53% of Curbline Properties worth $13,548,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. acquired a new position in Curbline Properties in the fourth quarter valued at about $343,497,000. FMR LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $323,575,000. T. Rowe Price Investment Management Inc. acquired a new position in Curbline Properties in the fourth quarter valued at about $119,568,000. Geode Capital Management LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $54,894,000. Finally, GRS Advisors LLC acquired a new position in Curbline Properties in the fourth quarter valued at about $51,890,000.

Insider Activity

In related news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction dated Friday, June 27th. The stock was sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the transaction, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This trade represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 8.60% of the company's stock.

Analysts Set New Price Targets

Separately, Morgan Stanley dropped their price target on Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Thursday, April 24th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $25.68.

Curbline Properties Price Performance

Shares of NYSE:CURB traded up $0.35 during mid-day trading on Wednesday, reaching $22.84. 838,054 shares of the stock were exchanged, compared to its average volume of 687,639. The company has a quick ratio of 27.77, a current ratio of 27.77 and a debt-to-equity ratio of 0.05. Curbline Properties Corp. has a one year low of $20.16 and a one year high of $25.69. The stock's 50 day simple moving average is $22.83 and its 200-day simple moving average is $23.41.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $0.24 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.24. The firm had revenue of $38.44 million for the quarter, compared to the consensus estimate of $34.51 million. The company's revenue was up 38.2% compared to the same quarter last year. On average, analysts predict that Curbline Properties Corp. will post 1 EPS for the current year.

Curbline Properties Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Wednesday, June 18th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 2.80%.

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.