Vert Asset Management LLC Makes New Investment in Alexander & Baldwin, Inc. (NYSE:ALEX)

Vert Asset Management LLC acquired a new stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The fund acquired 24,144 shares of the financial services provider's stock, valued at approximately $428,000.

A number of other large investors have also recently made changes to their positions in the stock. Point72 Asia Singapore Pte. Ltd. lifted its position in shares of Alexander & Baldwin by 19.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider's stock valued at $66,000 after buying an additional 572 shares in the last quarter. Oppenheimer Asset Management Inc. raised its stake in Alexander & Baldwin by 5.2% during the 3rd 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 during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 727 shares during the period. GAMMA Investing LLC raised its stake in Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider's stock valued at $29,000 after purchasing an additional 759 shares during the period. Finally, CKW Financial Group raised its stake in Alexander & Baldwin by 5.8% during the 3rd quarter. CKW Financial Group now owns 16,785 shares of the financial services provider's stock valued at $320,000 after purchasing an additional 924 shares during the period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently issued reports on the company. JMP Securities reissued a "market perform" rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Piper Sandler reissued an "overweight" rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, StockNews.com downgraded Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Tuesday. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Alexander & Baldwin has a consensus rating of "Moderate Buy" and an average price target of $22.50.

Alexander & Baldwin Price Performance

NYSE:ALEX traded up $0.07 during trading hours on Friday, reaching $17.84. The stock had a trading volume of 116,764 shares, compared to its average volume of 293,281. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30. The company has a 50 day moving average price of $18.21 and a two-hundred day moving average price of $18.77. The stock has a market capitalization of $1.30 billion, a PE ratio of 28.77 and a beta of 1.29.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date was Friday, December 20th. Alexander & Baldwin's dividend payout ratio (DPR) is 145.16%.

Alexander & Baldwin Company 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.