Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Bank of Montreal Can

Bank of Montreal Can raised its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.3% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 27,594 shares of the financial services provider’s stock after purchasing an additional 615 shares during the period. Bank of Montreal Can’s holdings in Alexander & Baldwin were worth $490,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ALEX. Kestra Private Wealth Services LLC lifted its stake in shares of Alexander & Baldwin by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider’s stock worth $596,000 after buying an additional 648 shares in the last quarter. American Century Companies Inc. grew its position in shares of Alexander & Baldwin by 3.4% in the fourth quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider’s stock valued at $429,000 after purchasing an additional 797 shares in the last quarter. 1620 Investment Advisors Inc. increased its holdings in shares of Alexander & Baldwin by 4.4% in the fourth quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider’s stock valued at $371,000 after purchasing an additional 879 shares during the last quarter. Versant Capital Management Inc lifted its position in Alexander & Baldwin by 90.0% during the fourth quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock worth $39,000 after buying an additional 1,034 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Alexander & Baldwin by 5.1% during the fourth quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider’s stock worth $401,000 after buying an additional 1,096 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 1.0 %

NYSE ALEX opened at $16.67 on Tuesday. 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 stock has a market capitalization of $1.21 billion, a P/E ratio of 26.89 and a beta of 1.03. The firm’s 50-day moving average is $17.31 and its two-hundred day moving average is $18.05. Alexander & Baldwin, Inc. has a 12 month low of $15.70 and a 12 month high of $20.30.

Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping 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%. On average, sell-side analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current year.

Alexander & Baldwin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 7th. Investors of record on Friday, March 14th were paid a dividend of $0.225 per share. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date was Friday, March 14th. This represents a $0.90 annualized dividend and a yield of 5.40%. Alexander & Baldwin’s dividend payout ratio is presently 107.14%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ALEX shares. Piper Sandler boosted their price target 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. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Finally, StockNews.com cut Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Sunday, March 16th.

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.