38,497 Shares in Alexander & Baldwin, Inc. (NYSE:ALEX) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC acquired a new stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 38,497 shares of the financial services provider's stock, valued at approximately $683,000. New Age Alpha Advisors LLC owned 0.05% of Alexander & Baldwin at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Alexander & Baldwin by 386.5% during the third 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 in the last quarter. State Street Corp lifted its holdings in Alexander & Baldwin by 9.4% during the 3rd 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. boosted its position in Alexander & Baldwin by 51.0% in the 4th quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after buying an additional 297,044 shares during the period. Norges Bank acquired a new position in shares of Alexander & Baldwin in the fourth quarter worth $5,236,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Alexander & Baldwin by 10.7% during the third 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 period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

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Alexander & Baldwin Stock Down 2.6 %

ALEX traded down $0.47 on Thursday, reaching $17.12. The company's stock had a trading volume of 521,689 shares, compared to its average volume of 352,105. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.61 and a beta of 1.27. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week 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 stock has a 50 day moving average of $17.72 and a two-hundred day moving average of $18.36.

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

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Shareholders of record on Friday, March 14th will be paid a $0.225 dividend. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 5.26%. This is a boost from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is currently 107.14%.

Analyst Upgrades and Downgrades

ALEX has been the subject of several analyst reports. JMP Securities reissued a "market perform" rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. StockNews.com downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Finally, Piper Sandler increased their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research report on Friday, February 28th.

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.