Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP increased its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 165.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 293,078 shares of the financial services provider's stock after purchasing an additional 182,845 shares during the quarter. Dimensional Fund Advisors LP owned 0.40% of Alexander & Baldwin worth $5,199,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALEX. Barclays PLC boosted its position in shares of Alexander & Baldwin by 25.4% during the 3rd quarter. Barclays PLC now owns 251,868 shares of the financial services provider's stock worth $4,836,000 after acquiring an additional 51,027 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Alexander & Baldwin by 31.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider's stock worth $11,193,000 after acquiring an additional 140,207 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Alexander & Baldwin by 32.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,434 shares of the financial services provider's stock valued at $700,000 after purchasing an additional 9,719 shares during the last quarter. Inspire Investing LLC lifted its holdings in shares of Alexander & Baldwin by 5.1% in the 4th quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider's stock valued at $401,000 after purchasing an additional 1,096 shares during the last quarter. Finally, Regency Capital Management Inc. DE lifted its holdings in shares of Alexander & Baldwin by 59.6% in the 4th quarter. Regency Capital Management Inc. DE now owns 430,747 shares of the financial services provider's stock valued at $7,641,000 after purchasing an additional 160,928 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

NYSE ALEX traded up $0.02 during mid-day trading on Friday, hitting $17.70. The stock had a trading volume of 330,463 shares, compared to its average volume of 390,659. Alexander & Baldwin, Inc. has a 52-week low of $15.70 and a 52-week high of $20.30. The company has a market cap of $1.29 billion, a price-to-earnings ratio of 28.54 and a beta of 0.99. The company has a 50 day simple moving average of $17.05 and a 200 day simple moving average of $17.87. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its quarterly earnings data on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, beating the consensus estimate of $0.15 by $0.15. The firm had revenue of $62.45 million during the quarter, compared to the consensus estimate of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. Equities analysts forecast that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be issued a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.09%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is 105.88%.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Piper Sandler boosted their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com downgraded Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th.

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.