Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC boosted its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX) by 57.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,399 shares of the financial services provider’s stock after acquiring an additional 7,046 shares during the period. Anchor Capital Advisors LLC’s holdings in Alexander & Baldwin were worth $344,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC purchased a new stake in Alexander & Baldwin in the fourth quarter valued at approximately $421,000. Illinois Municipal Retirement Fund raised its position in Alexander & Baldwin by 4.3% in the fourth quarter. Illinois Municipal Retirement Fund now owns 39,760 shares of the financial services provider’s stock valued at $705,000 after purchasing an additional 1,638 shares during the period. Los Angeles Capital Management LLC raised its position in Alexander & Baldwin by 16.3% in the fourth quarter. Los Angeles Capital Management LLC now owns 33,955 shares of the financial services provider’s stock valued at $602,000 after purchasing an additional 4,752 shares during the period. Y Intercept Hong Kong Ltd purchased a new stake in Alexander & Baldwin in the fourth quarter valued at approximately $588,000. Finally, LDR Capital Management LLC raised its position in Alexander & Baldwin by 26.7% in the fourth quarter. LDR Capital Management LLC now owns 111,844 shares of the financial services provider’s stock valued at $1,984,000 after purchasing an additional 23,545 shares during the period. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Up 0.3 %

Alexander & Baldwin stock opened at $18.06 on Friday. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The stock’s fifty day simple moving average is $17.68 and its 200-day simple moving average is $18.65. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The firm has a market capitalization of $1.31 billion, a P/E ratio of 29.12 and a beta of 1.29.

Alexander & Baldwin (NYSE:ALEX) last posted its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping analysts’ consensus estimates of $0.15 by $0.15. The business had revenue of $62.45 million for the quarter, compared to analyst estimates of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. As a group, equities analysts expect that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 7th. Investors of record on Friday, March 14th will be paid a dividend of $0.225 per share. The ex-dividend date is Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a dividend yield of 4.98%. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s payout ratio is presently 145.16%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on ALEX shares. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Piper Sandler upped their price objective on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, StockNews.com lowered Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Friday.

About Alexander & Baldwin

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.