New Age Alpha Advisors LLC Takes $683,000 Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

New Age Alpha Advisors LLC purchased a new position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 38,497 shares of the financial services provider's stock, valued at approximately $683,000. New Age Alpha Advisors LLC owned approximately 0.05% of Alexander & Baldwin as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Alexander & Baldwin by 386.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 481,253 shares of the financial services provider's stock worth $9,240,000 after purchasing an additional 382,327 shares during the last quarter. State Street Corp increased its holdings in shares of Alexander & Baldwin by 9.4% during the third quarter. State Street Corp now owns 4,228,089 shares of the financial services provider's stock worth $82,033,000 after buying an additional 363,223 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Alexander & Baldwin by 51.0% in the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after acquiring an additional 297,044 shares during the last quarter. Norges Bank acquired a new position in shares of Alexander & Baldwin in the 4th quarter worth approximately $5,236,000. Finally, Charles Schwab Investment Management Inc. grew its position in Alexander & Baldwin by 10.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,970,393 shares of the financial services provider's stock worth $37,832,000 after acquiring an additional 190,357 shares during the last quarter. Institutional investors own 91.29% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ALEX. StockNews.com downgraded Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. JMP Securities reiterated a "market perform" rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler increased their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a report on Friday, February 28th.

Alexander & Baldwin Trading Down 3.6 %

Alexander & Baldwin stock traded down $0.62 during mid-day trading on Friday, hitting $16.52. The stock had a trading volume of 612,533 shares, compared to its average volume of 354,340. The stock has a market capitalization of $1.20 billion, a PE ratio of 26.65 and a beta of 1.03. 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 50-day simple moving average of $17.70 and a two-hundred day simple moving average of $18.31.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last issued its earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.15. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. The company had revenue of $62.45 million for the quarter, compared to analyst estimates of $49.68 million. As a group, sell-side analysts forecast that Alexander & Baldwin, Inc. will post 1.35 EPS for the current year.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be given a $0.225 dividend. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 5.45%. The ex-dividend date of this dividend is Friday, March 14th. Alexander & Baldwin's dividend payout ratio (DPR) is currently 107.14%.

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.