Alexander & Baldwin, Inc. (NYSE:ALEX) Stock Position Decreased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lowered its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 154,117 shares of the financial services provider’s stock after selling 5,600 shares during the period. Public Sector Pension Investment Board owned 0.21% of Alexander & Baldwin worth $2,959,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. grew its holdings in Alexander & Baldwin by 3.1% during the third quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after purchasing an additional 29,006 shares during the last quarter. Wakefield Asset Management LLLP bought a new position in Alexander & Baldwin in the 2nd quarter worth $948,000. Harbor Capital Advisors Inc. lifted its position in Alexander & Baldwin by 101.0% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock worth $4,256,000 after acquiring an additional 111,392 shares during the last quarter. Reinhart Partners LLC. boosted its holdings in Alexander & Baldwin by 2.9% during the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock valued at $49,035,000 after acquiring an additional 72,240 shares during the period. Finally, Los Angeles Capital Management LLC acquired a new stake in shares of Alexander & Baldwin in the third quarter valued at about $561,000. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 1.5 %

Shares of ALEX stock opened at $19.31 on Wednesday. The stock has a market cap of $1.40 billion, a P/E ratio of 31.14 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a fifty day moving average price of $19.06 and a 200 day moving average price of $18.42. Alexander & Baldwin, Inc. has a one year low of $15.53 and a one year high of $20.30.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ALEX shares. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. Alliance Global Partners started coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 price objective for the company. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Four investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has an average rating of “Buy” and an average price target of $21.67.

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.