Principal Financial Group Inc. Increases Position in Curbline Properties Corp. $CURB

Principal Financial Group Inc. increased its stake in shares of Curbline Properties Corp. (NYSE:CURB) by 426.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,461,156 shares of the company’s stock after buying an additional 1,993,711 shares during the quarter. Principal Financial Group Inc.’s holdings in Curbline Properties were worth $57,123,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Curbline Properties by 33.5% during the fourth 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 during the last quarter. Amalgamated Bank grew its holdings in shares of Curbline Properties by 3.3% during the third quarter. Amalgamated Bank now owns 27,991 shares of the company’s stock valued at $624,000 after buying an additional 906 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Curbline Properties by 1.3% during the fourth quarter. State of Alaska Department of Revenue now owns 102,812 shares of the company’s stock valued at $2,384,000 after buying an additional 1,340 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Curbline Properties by 2.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 58,075 shares of the company’s stock valued at $1,348,000 after buying an additional 1,400 shares during the last quarter. Finally, Parallel Advisors LLC grew its holdings 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.

Wall Street Analysts Forecast Growth

CURB has been the subject of a number of research reports. Truist Financial boosted their target price on shares of Curbline Properties from $27.00 to $31.00 and gave the company a “buy” rating in a research report on Thursday, March 5th. Piper Sandler boosted their target price on shares of Curbline Properties from $30.00 to $32.00 and gave the company an “overweight” rating in a research report on Tuesday, February 17th. Citigroup boosted their target price on shares of Curbline Properties from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. JPMorgan Chase & Co. boosted their target price on shares of Curbline Properties from $30.00 to $31.00 and gave the company an “overweight” rating in a research report on Monday, May 4th. Finally, Weiss Ratings downgraded shares of Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Seven investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $29.44.

Insider Buying and Selling at Curbline Properties

In other Curbline Properties news, CEO David R. Lukes sold 83,663 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $26.83, for a total value of $2,244,678.29. Following the completion of the transaction, the chief executive officer owned 506,597 shares in the company, valued at approximately $13,591,997.51. This represents a 14.17% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 8.70% of the company’s stock.

Curbline Properties Trading Up 1.0%

NYSE CURB opened at $27.85 on Friday. The company has a market capitalization of $2.94 billion, a PE ratio of 89.83 and a beta of 0.52. The company has a fifty day moving average of $27.10 and a 200 day moving average of $25.09. Curbline Properties Corp. has a 1 year low of $21.62 and a 1 year high of $28.94. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.20 and a quick ratio of 1.20.

Curbline Properties (NYSE:CURB) last posted its earnings results on Tuesday, April 28th. The company reported $0.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.05 by $0.23. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $53.34 million. Curbline Properties had a net margin of 16.24% and a return on equity of 1.74%. The firm’s quarterly revenue was up 51.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.24 earnings per share. Curbline Properties has set its FY 2026 guidance at 1.200-1.230 EPS. Research analysts forecast that Curbline Properties Corp. will post 1.22 earnings per share for the current year.

Curbline Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Shareholders of record on Thursday, June 18th will be given a $0.17 dividend. The ex-dividend date is Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 2.4%. Curbline Properties’s dividend payout ratio is 219.35%.

Curbline Properties Company 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.