Hantz Financial Services Inc. Sells 9,286 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Hantz Financial Services Inc. cut its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 12.2% in the 4th quarter, HoldingsChannel reports. The fund owned 66,674 shares of the financial services provider’s stock after selling 9,286 shares during the quarter. Hantz Financial Services Inc.’s holdings in Alexander & Baldwin were worth $1,183,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently made changes to their positions in ALEX. American Century Companies Inc. boosted its stake in Alexander & Baldwin by 9.4% in the 2nd quarter. American Century Companies Inc. now owns 23,530 shares of the financial services provider’s stock valued at $399,000 after purchasing an additional 2,014 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of Alexander & Baldwin by 20.3% in the second quarter. Dimensional Fund Advisors LP now owns 57,743 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 9,730 shares during the period. Sei Investments Co. grew its stake in shares of Alexander & Baldwin by 6.7% in the second quarter. Sei Investments Co. now owns 34,792 shares of the financial services provider’s stock valued at $590,000 after acquiring an additional 2,179 shares in the last quarter. AQR Capital Management LLC bought a new position in Alexander & Baldwin during the second quarter worth about $219,000. Finally, The Manufacturers Life Insurance Company raised its stake in Alexander & Baldwin by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 38,563 shares of the financial services provider’s stock worth $654,000 after purchasing an additional 1,938 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $17.85 on Friday. The firm has a 50 day moving average of $18.18 and a 200-day moving average of $18.77. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $20.30. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock has a market capitalization of $1.30 billion, a PE ratio of 28.79 and a beta of 1.29.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 4.99%. Alexander & Baldwin’s dividend payout ratio is currently 145.16%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ALEX. StockNews.com lowered shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Tuesday. Piper Sandler reissued an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Finally, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, Alexander & Baldwin presently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.