Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Jane Street Group LLC

Jane Street Group LLC grew its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 61.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 94,616 shares of the financial services provider's stock after purchasing an additional 35,916 shares during the quarter. Jane Street Group LLC owned approximately 0.13% of Alexander & Baldwin worth $1,817,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Louisiana State Employees Retirement System boosted its stake in shares of Alexander & Baldwin by 1.7% during the 2nd 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. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Alexander & Baldwin by 5.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 32,920 shares of the financial services provider's stock valued at $558,000 after purchasing an additional 1,732 shares during the last quarter. Hantz Financial Services Inc. purchased a new stake in shares of Alexander & Baldwin during the 2nd quarter valued at $1,386,000. Rothschild Investment LLC purchased a new position in shares of Alexander & Baldwin in the 2nd quarter worth $35,000. Finally, Van ECK Associates Corp boosted its holdings in Alexander & Baldwin by 7.0% in the second quarter. Van ECK Associates Corp now owns 11,136 shares of the financial services provider's stock valued at $189,000 after acquiring an additional 733 shares during the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Down 0.1 %

Alexander & Baldwin stock traded down $0.02 during midday trading on Thursday, hitting $17.56. 324,816 shares of the stock were exchanged, compared to its average volume of 331,509. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a 50 day moving average price of $18.99 and a two-hundred day moving average price of $18.63. The firm has a market cap of $1.28 billion, a P/E ratio of 28.32 and a beta of 1.27. Alexander & Baldwin, Inc. has a 1 year low of $15.53 and a 1 year high of $20.30.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be paid a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.07%. The ex-dividend date is Friday, December 20th. Alexander & Baldwin's dividend payout ratio (DPR) is 145.16%.

Analyst Ratings Changes

ALEX has been the topic of a number of research reports. Piper Sandler restated an "overweight" rating and issued a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. StockNews.com upgraded shares of Alexander & Baldwin from a "hold" rating to a "buy" rating in a report on Monday, November 25th.

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.