Everett Harris & Co. CA Buys 25,125 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Everett Harris & Co. CA grew its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 15.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 185,240 shares of the financial services provider’s stock after buying an additional 25,125 shares during the period. Everett Harris & Co. CA owned approximately 0.26% of Alexander & Baldwin worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Creative Planning bought a new position in shares of Alexander & Baldwin during the 3rd quarter valued at about $216,000. Inspire Investing LLC bought a new position in shares of Alexander & Baldwin during the 3rd quarter valued at about $413,000. Reinhart Partners LLC. lifted its holdings in shares of Alexander & Baldwin by 2.9% during the 3rd quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock valued at $49,035,000 after purchasing an additional 72,240 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 759 shares in the last quarter. Finally, SG Americas Securities LLC lifted its holdings in shares of Alexander & Baldwin by 283.3% during the 3rd quarter. SG Americas Securities LLC now owns 24,003 shares of the financial services provider’s stock valued at $461,000 after purchasing an additional 17,741 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ALEX shares. Piper Sandler raised Alexander & Baldwin from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $17.00 to $22.00 in a research report on Friday, July 26th. Alliance Global Partners started coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price on the stock. One analyst has rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $21.33.

Alexander & Baldwin Stock Down 0.5 %

Shares of NYSE:ALEX traded down $0.09 during trading on Friday, hitting $18.48. 247,368 shares of the company were exchanged, compared to its average volume of 326,866. The stock has a market cap of $1.34 billion, a price-to-earnings ratio of 30.30 and a beta of 1.26. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The firm has a fifty day moving average price of $19.18 and a two-hundred day moving average price of $17.75. The company has a current ratio of 0.53, a quick ratio of 0.53 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Shareholders of record on Friday, September 20th were given a dividend of $0.2225 per share. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, September 20th. This represents a $0.89 annualized dividend and a dividend yield of 4.82%. Alexander & Baldwin’s payout ratio is 145.90%.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.