Principal Financial Group Inc. Boosts Stock Position in Curbline Properties Corp. (NYSE:CURB)

Principal Financial Group Inc. lifted its position in Curbline Properties Corp. (NYSE:CURB - Free Report) by 3.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 560,056 shares of the company's stock after buying an additional 17,160 shares during the quarter. Principal Financial Group Inc. owned approximately 0.53% of Curbline Properties worth $13,548,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC increased its position in shares of Curbline Properties by 91.1% in the first quarter. GAMMA Investing LLC now owns 2,425 shares of the company's stock worth $59,000 after purchasing an additional 1,156 shares during the last quarter. Covestor Ltd grew its position in Curbline Properties by 390.2% in the fourth quarter. Covestor Ltd now owns 1,593 shares of the company's stock worth $37,000 after acquiring an additional 1,268 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Curbline Properties in the fourth quarter worth $31,000. Fifth Third Bancorp grew its position in Curbline Properties by 215.9% in the first quarter. Fifth Third Bancorp now owns 2,123 shares of the company's stock worth $51,000 after acquiring an additional 1,451 shares in the last quarter. Finally, GF Fund Management CO. LTD. purchased a new position in Curbline Properties in the fourth quarter worth $40,000.

Curbline Properties Stock Performance

NYSE CURB traded down $0.03 on Monday, reaching $22.74. 8,820 shares of the company's stock traded hands, compared to its average volume of 686,239. Curbline Properties Corp. has a 12 month low of $20.16 and a 12 month high of $25.69. The company has a quick ratio of 27.77, a current ratio of 27.77 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $22.86 and a 200 day simple moving average of $23.42.

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

Curbline Properties Dividend Announcement

The company also recently declared 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 was Wednesday, June 18th. This represents a $0.64 dividend on an annualized basis and a yield of 2.82%.

Analysts Set New Price Targets

Separately, Morgan Stanley cut their target price on shares of Curbline Properties from $27.00 to $26.00 and set an "equal weight" rating for the company 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 stock. Based on data from MarketBeat, Curbline Properties presently has a consensus rating of "Hold" and an average price target of $25.68.

Insiders Place Their Bets

In other news, EVP Conor Fennerty sold 28,000 shares of the stock in a transaction dated Friday, June 27th. The shares were sold at an average price of $22.81, for a total transaction of $638,680.00. Following the completion of the sale, the executive vice president directly owned 176,560 shares in the company, valued at approximately $4,027,333.60. This represents a 13.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 8.60% of the stock is owned by insiders.

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.