Hantz Financial Services Inc. Has $1.18 Million Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

Hantz Financial Services Inc. reduced its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 12.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 66,674 shares of the financial services provider’s stock after selling 9,286 shares during the period. Hantz Financial Services Inc. owned about 0.09% of Alexander & Baldwin worth $1,183,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. GAMMA Investing LLC grew its stake 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 in the last quarter. Versant Capital Management Inc boosted its holdings 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 purchasing an additional 1,034 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Alexander & Baldwin by 34.8% in the third 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 in the last quarter. Point72 Asia Singapore Pte. Ltd. increased its stake in Alexander & Baldwin by 19.9% in 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 during the last quarter. Finally, KBC Group NV lifted its position in Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after buying an additional 1,338 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $17.85 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The business’s 50 day moving average price is $18.18 and its two-hundred day moving average price is $18.77. The company has a market cap of $1.30 billion, a PE ratio of 28.79 and a beta of 1.29. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were issued a dividend of $0.2225 per share. 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 payout ratio is presently 145.16%.

Analyst Upgrades and Downgrades

ALEX has been the topic of a number of recent research reports. StockNews.com downgraded Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Tuesday. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $22.50.

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.