Amalgamated Bank Makes New $650,000 Investment in Curbline Properties (NYSE:CURB)

Amalgamated Bank acquired a new stake in shares of Curbline Properties (NYSE:CURB - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 28,007 shares of the company's stock, valued at approximately $650,000.

Other large investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp acquired a new position in Curbline Properties in the fourth quarter valued at about $16,013,000. Y Intercept Hong Kong Ltd acquired a new position in shares of Curbline Properties in the 4th quarter valued at approximately $216,000. TCW Group Inc. bought a new stake in Curbline Properties during the 4th quarter worth approximately $2,803,000. New York State Common Retirement Fund bought a new stake in Curbline Properties during the 4th quarter worth approximately $670,000. Finally, Peregrine Capital Management LLC acquired a new stake in Curbline Properties during the 4th quarter worth approximately $6,783,000.

Analyst Ratings Changes

Several brokerages have recently issued reports on CURB. Piper Sandler increased their price objective on shares of Curbline Properties from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 12th. Morgan Stanley assumed coverage on Curbline Properties in a report on Wednesday, January 29th. They set an "equal weight" rating and a $27.00 target price for the company. Finally, Compass Point boosted their price target on Curbline Properties from $24.00 to $26.00 and gave the company a "neutral" rating in a report 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 company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $25.82.

Curbline Properties Price Performance

Curbline Properties stock traded down $0.38 during mid-day trading on Thursday, hitting $23.82. 117,254 shares of the company's stock traded hands, compared to its average volume of 709,127. The company has a 50 day moving average of $24.10. Curbline Properties has a fifty-two week low of $20.16 and a fifty-two week high of $25.69.

Curbline Properties (NYSE:CURB - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. As a group, equities analysts anticipate that Curbline Properties will post 1 earnings per share for the current fiscal year.

Curbline Properties Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 8th. Shareholders of record on Friday, March 14th will be issued a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 2.69%. The ex-dividend date of this dividend is Friday, March 14th.

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.