Deutsche Bank AG Buys 23,805 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Deutsche Bank AG lifted its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 30.7% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 101,465 shares of the financial services provider’s stock after purchasing an additional 23,805 shares during the period. Deutsche Bank AG owned 0.14% of Alexander & Baldwin worth $1,800,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of ALEX. Smartleaf Asset Management LLC raised its position in Alexander & Baldwin by 284.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider’s stock valued at $29,000 after purchasing an additional 1,239 shares in the last quarter. Wealthfront Advisers LLC bought a new position in shares of Alexander & Baldwin during the 4th quarter worth $112,000. XTX Topco Ltd purchased a new position in shares of Alexander & Baldwin during the fourth quarter valued at $206,000. Aigen Investment Management LP bought a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $227,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Alexander & Baldwin by 138.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider’s stock valued at $234,000 after acquiring an additional 7,653 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on ALEX. Piper Sandler increased their target price 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. Wall Street Zen cut shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Sunday, March 16th.

Alexander & Baldwin Trading Down 0.5%

Shares of NYSE ALEX opened at $17.31 on Friday. Alexander & Baldwin, Inc. has a 1-year low of $15.70 and a 1-year high of $20.30. The business has a fifty day moving average price of $17.04 and a 200 day moving average price of $17.83. The stock has a market capitalization of $1.26 billion, a P/E ratio of 27.91 and a beta of 0.99. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

Alexander & Baldwin (NYSE:ALEX) last released its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 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 business had revenue of $62.45 million during the quarter, compared to analyst estimates of $49.68 million. Equities research analysts expect that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 13th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 5.20%. Alexander & Baldwin’s payout ratio is 105.88%.

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.