Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Acquired by Harbor Capital Advisors Inc.

Harbor Capital Advisors Inc. increased its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,467 shares of the financial services provider’s stock after purchasing an additional 6,775 shares during the period. Harbor Capital Advisors Inc. owned 0.31% of Alexander & Baldwin worth $4,053,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. Versant Capital Management Inc boosted its position in shares of Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,034 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Alexander & Baldwin by 31.7% during the third quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider’s stock worth $11,193,000 after purchasing an additional 140,207 shares during the last quarter. Tidal Investments LLC boosted its holdings in Alexander & Baldwin by 29.0% in the third quarter. Tidal Investments LLC now owns 52,195 shares of the financial services provider’s stock valued at $1,002,000 after purchasing an additional 11,719 shares in the last quarter. Geode Capital Management LLC increased its stake in Alexander & Baldwin by 1.3% in the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock valued at $36,032,000 after purchasing an additional 23,441 shares during the last quarter. Finally, Barclays PLC raised its holdings in Alexander & Baldwin by 25.4% during the third quarter. Barclays PLC now owns 251,868 shares of the financial services provider’s stock worth $4,836,000 after purchasing an additional 51,027 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 1.5 %

Shares of NYSE:ALEX opened at $17.05 on Friday. 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 market cap of $1.24 billion, a P/E ratio of 27.50 and a beta of 1.29. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The firm has a fifty day moving average price of $18.75 and a 200 day moving average price of $18.70.

Alexander & Baldwin Announces Dividend

The business also recently declared 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 5.22%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s dividend payout ratio is currently 145.16%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. 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 report on Friday, October 25th. One analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target 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.