Everett Harris & Co. CA Invests $195,000 in Alexander & Baldwin, Inc. (NYSE:ALEX)

Everett Harris & Co. CA bought a new stake in Alexander & Baldwin, Inc. (NYSE:ALEX) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 10,255 shares of the financial services provider’s stock, valued at approximately $195,000.

Other large investors have also added to or reduced their stakes in the company. Reinhart Partners LLC. increased its stake in Alexander & Baldwin by 8.7% during the 4th quarter. Reinhart Partners LLC. now owns 2,464,255 shares of the financial services provider’s stock worth $46,870,000 after acquiring an additional 196,303 shares during the period. DigitalBridge Group Inc. lifted its stake in shares of Alexander & Baldwin by 26.9% in the 3rd quarter. DigitalBridge Group Inc. now owns 1,062,380 shares of the financial services provider’s stock valued at $17,774,000 after acquiring an additional 225,441 shares during the last quarter. American Century Companies Inc. grew its position in Alexander & Baldwin by 13.7% during the 3rd quarter. American Century Companies Inc. now owns 16,326 shares of the financial services provider’s stock worth $273,000 after acquiring an additional 1,968 shares during the last quarter. Graham Capital Management L.P. bought a new position in Alexander & Baldwin in the third quarter valued at about $201,000. Finally, Employees Retirement System of Texas increased its stake in shares of Alexander & Baldwin by 35.0% in the third quarter. Employees Retirement System of Texas now owns 81,000 shares of the financial services provider’s stock valued at $1,355,000 after buying an additional 21,000 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on ALEX. TheStreet downgraded Alexander & Baldwin from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Piper Sandler cut their price target on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. JMP Securities assumed coverage on Alexander & Baldwin in a research note on Wednesday, November 29th. They issued a “market perform” rating on the stock. Finally, Janney Montgomery Scott began coverage on Alexander & Baldwin in a research note on Tuesday, December 12th. They set a “buy” rating and a $20.00 target price for the company. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $18.50.

Alexander & Baldwin Stock Up 0.9 %

Alexander & Baldwin stock traded up $0.15 during trading on Thursday, hitting $16.47. 482,268 shares of the company were exchanged, compared to its average volume of 327,693. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The business’s 50 day moving average is $16.97 and its 200 day moving average is $17.08. Alexander & Baldwin, Inc. has a 52 week low of $15.56 and a 52 week high of $19.99. The company has a market capitalization of $1.20 billion, a P/E ratio of 41.18 and a beta of 1.21.

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be given a dividend of $0.2225 per share. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date is Thursday, March 14th. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 222.50%.

Alexander & Baldwin Profile

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.