Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 24.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 189,691 shares of the financial services provider's stock after selling 62,177 shares during the period. Barclays PLC owned approximately 0.26% of Alexander & Baldwin worth $3,365,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in ALEX. Sterling Capital Management LLC lifted its position in Alexander & Baldwin by 9.0% during the fourth quarter. Sterling Capital Management LLC now owns 25,112 shares of the financial services provider's stock valued at $445,000 after purchasing an additional 2,076 shares during the period. Raymond James Financial Inc. acquired a new stake in Alexander & Baldwin during the fourth quarter worth about $272,000. Martingale Asset Management L P raised its position in Alexander & Baldwin by 8.7% during the fourth quarter. Martingale Asset Management L P now owns 158,827 shares of the financial services provider's stock valued at $2,818,000 after acquiring an additional 12,773 shares in the last quarter. Renaissance Technologies LLC lifted its holdings in Alexander & Baldwin by 13.6% in the fourth quarter. Renaissance Technologies LLC now owns 341,231 shares of the financial services provider's stock valued at $6,053,000 after acquiring an additional 40,800 shares during the period. Finally, Invesco Ltd. lifted its holdings in Alexander & Baldwin by 2.2% in the fourth quarter. Invesco Ltd. now owns 457,377 shares of the financial services provider's stock valued at $8,114,000 after acquiring an additional 9,705 shares during the period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded down $0.05 during trading on Friday, reaching $17.29. The company had a trading volume of 418,720 shares, compared to its average volume of 385,221. The firm has a market capitalization of $1.26 billion, a PE ratio of 27.89 and a beta of 1.03. The firm's 50-day simple moving average is $17.16 and its 200 day simple moving average is $17.95. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 1-year low of $15.70 and a 1-year high of $20.30.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last released its earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, topping analysts' consensus estimates of $0.15 by $0.15. The business had revenue of $62.45 million during the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. As a group, equities research analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be paid a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.21%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is presently 105.88%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ALEX. Piper Sandler lifted their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. Finally, JMP Securities reissued a "market perform" rating on shares of Alexander & Baldwin in a research note on Monday, January 6th.

Alexander & Baldwin 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.