30,000 Shares in Alexander & Baldwin, Inc. (NYSE:ALEX) Purchased by Two Sigma Advisers LP

Two Sigma Advisers LP purchased a new position in Alexander & Baldwin, Inc. (NYSE:ALEX) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 30,000 shares of the financial services provider’s stock, valued at approximately $532,000.

Other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. increased its holdings in Alexander & Baldwin by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider’s stock valued at $35,723,000 after buying an additional 43,333 shares during the last quarter. Northern Trust Corp increased its holdings in Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock valued at $18,110,000 after buying an additional 194,534 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in 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 buying an additional 297,044 shares during the last quarter. Clearbridge Investments LLC increased its holdings in Alexander & Baldwin by 0.5% in the fourth quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider’s stock valued at $10,909,000 after buying an additional 3,210 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in Alexander & Baldwin by 2.2% in the fourth quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider’s stock valued at $8,114,000 after buying an additional 9,705 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analysts Forecast Growth

ALEX has been the subject of several research analyst reports. Piper Sandler boosted their price objective on Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a report on Friday, February 28th. Wall Street Zen lowered Alexander & Baldwin from a “buy” rating to a “hold” rating in a report on Sunday, March 16th.

Alexander & Baldwin Stock Up 0.2%

NYSE:ALEX opened at $17.98 on Wednesday. The firm has a market capitalization of $1.31 billion, a PE ratio of 29.00 and a beta of 0.99. The stock has a 50 day moving average of $17.11 and a 200-day moving average of $17.74. Alexander & Baldwin, Inc. has a 52 week low of $15.70 and a 52 week 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.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.01%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 105.88%.

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.