Regency Capital Management Inc. DE Acquires 160,928 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Regency Capital Management Inc. DE boosted its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 59.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 430,747 shares of the financial services provider's stock after buying an additional 160,928 shares during the period. Alexander & Baldwin accounts for approximately 4.1% of Regency Capital Management Inc. DE's portfolio, making the stock its 6th biggest holding. Regency Capital Management Inc. DE owned about 0.59% of Alexander & Baldwin worth $7,641,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jane Street Group LLC lifted its position in Alexander & Baldwin by 61.2% during the 3rd quarter. Jane Street Group LLC now owns 94,616 shares of the financial services provider's stock worth $1,817,000 after acquiring an additional 35,916 shares during the period. HighTower Advisors LLC purchased a new stake in shares of Alexander & Baldwin during the third quarter worth approximately $1,151,000. Victory Capital Management Inc. lifted its holdings in shares of Alexander & Baldwin by 3.1% during the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider's stock worth $18,536,000 after purchasing an additional 29,006 shares during the period. Geode Capital Management LLC grew its position in Alexander & Baldwin by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider's stock valued at $36,032,000 after buying an additional 23,441 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its stake in Alexander & Baldwin by 101.0% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider's stock valued at $4,256,000 after buying an additional 111,392 shares during the period. Hedge funds and other institutional investors own 91.29% of the company's stock.

Wall Street Analysts Forecast Growth

ALEX has been the topic of several analyst reports. Piper Sandler reaffirmed an "overweight" rating and issued a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. StockNews.com cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Friday, January 17th. Finally, JMP Securities reissued a "market perform" rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, Alexander & Baldwin currently has an average rating of "Moderate Buy" and an average price target of $22.50.

Alexander & Baldwin Price Performance

Shares of ALEX stock traded up $0.15 during midday trading on Friday, reaching $17.63. 226,623 shares of the company traded hands, compared to its average volume of 276,342. The firm's 50 day simple moving average is $18.34 and its two-hundred day simple moving average is $18.78. The firm has a market cap of $1.28 billion, a PE ratio of 28.43 and a beta of 1.29. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30.

Alexander & Baldwin Announces Dividend

The company also recently announced 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 was Friday, December 20th. This represents a $0.89 dividend on an annualized basis and a yield of 5.05%. Alexander & Baldwin's payout ratio is 145.16%.

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.