Barclays PLC Increases Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Barclays PLC increased its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 25.4% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 251,868 shares of the financial services provider's stock after buying an additional 51,027 shares during the period. Barclays PLC owned 0.35% of Alexander & Baldwin worth $4,836,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Point72 Asia Singapore Pte. Ltd. lifted its stake in shares of Alexander & Baldwin by 19.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock worth $66,000 after buying an additional 572 shares in the last quarter. Louisiana State Employees Retirement System raised its stake in shares of Alexander & Baldwin by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the financial services provider's stock worth $619,000 after purchasing an additional 600 shares during the last quarter. Oppenheimer Asset Management Inc. lifted its holdings in shares of Alexander & Baldwin by 5.2% during the third quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider's stock valued at $264,000 after purchasing an additional 683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Alexander & Baldwin by 34.8% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider's stock valued at $54,000 after buying an additional 727 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in Alexander & Baldwin by 7.0% in the 2nd quarter. Van ECK Associates Corp now owns 11,136 shares of the financial services provider's stock worth $189,000 after buying an additional 733 shares in the last quarter. Institutional investors own 91.29% of the company's stock.

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. StockNews.com raised shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a report on Monday, November 25th. 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 research report on Friday, October 25th.

Alexander & Baldwin Stock Performance

Shares of Alexander & Baldwin stock traded down $0.29 during trading hours on Friday, reaching $17.47. 2,027,173 shares of the stock traded hands, compared to its average volume of 331,349. The company has a 50 day moving average price of $19.06 and a 200 day moving average price of $18.63. Alexander & Baldwin, Inc. has a one year low of $15.53 and a one year high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 28.18 and a beta of 1.27.

Alexander & Baldwin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th will be given a $0.2225 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.09%. Alexander & Baldwin's payout ratio is presently 145.16%.

Alexander & Baldwin Company 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.