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

Principal Financial Group Inc. raised its stake in Curbline Properties Corp. (NYSE:CURB) by 110.3% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,176,015 shares of the company’s stock after acquiring an additional 2,714,859 shares during the quarter. Principal Financial Group Inc.’s holdings in Curbline Properties were worth $133,489,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in CURB. Rockefeller Capital Management L.P. increased its holdings in shares of Curbline Properties by 125.3% during the 4th quarter. Rockefeller Capital Management L.P. now owns 1,176 shares of the company’s stock valued at $27,000 after purchasing an additional 654 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Curbline Properties by 393.7% during the third quarter. Parallel Advisors LLC now owns 2,039 shares of the company’s stock worth $45,000 after buying an additional 1,626 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in 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 worth $64,000 after buying an additional 694 shares in the last quarter. Federation des caisses Desjardins du Quebec grew its position in Curbline Properties by 25.9% during the fourth quarter. Federation des caisses Desjardins du Quebec now owns 8,128 shares of the company’s stock valued at $189,000 after buying an additional 1,672 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Curbline Properties by 28.5% during the second quarter. BNP Paribas Financial Markets now owns 9,437 shares of the company’s stock valued at $215,000 after buying an additional 2,091 shares during the period.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. JPMorgan Chase & Co. upped their price objective on shares of Curbline Properties from $30.00 to $31.00 and gave the stock an “overweight” rating in a research report on Monday, May 4th. Weiss Ratings cut Curbline Properties from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, May 1st. Morgan Stanley restated an “equal weight” rating and issued a $30.00 price target on shares of Curbline Properties in a research note on Thursday, June 18th. KeyCorp upped their price target on Curbline Properties from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Monday, June 22nd. Finally, Wolfe Research downgraded Curbline Properties from an “outperform” rating to a “peer perform” rating in a research report on Monday, June 15th. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Curbline Properties currently has a consensus rating of “Moderate Buy” and a consensus target price of $29.67.

Curbline Properties Stock Performance

NYSE:CURB opened at $30.34 on Thursday. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.20 and a current ratio of 1.20. The company has a fifty day moving average of $29.51 and a two-hundred day moving average of $27.20. The stock has a market capitalization of $3.46 billion, a PE ratio of 97.87 and a beta of 0.51. Curbline Properties Corp. has a fifty-two week low of $21.62 and a fifty-two week high of $31.87.

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

Curbline Properties Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, July 9th. Investors of record on Thursday, June 18th were paid a $0.17 dividend. The ex-dividend date of this dividend was Thursday, June 18th. This represents a $0.68 dividend on an annualized basis and a yield of 2.2%. Curbline Properties’s dividend payout ratio (DPR) is currently 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.