Everett Harris & Co. CA Has $3.56 Million Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Everett Harris & Co. CA increased its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 15.7% during the third quarter, Holdings Channel reports. The fund owned 185,240 shares of the financial services provider’s stock after acquiring an additional 25,125 shares during the quarter. Everett Harris & Co. CA’s holdings in Alexander & Baldwin were worth $3,557,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC increased its holdings in shares of Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 759 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in Alexander & Baldwin in the 1st quarter valued at $32,000. Rothschild Investment LLC bought a new stake in Alexander & Baldwin in the 2nd quarter valued at $35,000. Allspring Global Investments Holdings LLC bought a new stake in Alexander & Baldwin in the 1st quarter valued at $41,000. Finally, Quarry LP boosted its stake in Alexander & Baldwin by 577.4% in the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 4,302 shares during the period. 91.29% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ALEX has been the subject of a number of recent analyst reports. Alliance Global Partners initiated coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 target price for the company. Piper Sandler raised Alexander & Baldwin from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $17.00 to $22.00 in a report on Friday, July 26th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Alexander & Baldwin currently has an average rating of “Moderate Buy” and a consensus target price of $21.33.

Alexander & Baldwin Trading Down 0.5 %

Shares of ALEX stock traded down $0.09 on Friday, hitting $18.48. The company had a trading volume of 247,368 shares, compared to its average volume of 326,866. The firm has a market cap of $1.34 billion, a P/E ratio of 30.30 and a beta of 1.26. The stock’s 50-day moving average is $19.18 and its two-hundred day moving average is $17.75. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.53 and a current ratio of 0.53. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, September 20th were paid a $0.2225 dividend. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend was Friday, September 20th. This represents a $0.89 annualized dividend and a dividend yield of 4.82%. Alexander & Baldwin’s dividend payout ratio is presently 145.90%.

About Alexander & Baldwin

Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai’i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.