Barclays PLC Reduces Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

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

Several other institutional investors and hedge funds have also bought and sold shares of the company. Smartleaf Asset Management LLC lifted its position in Alexander & Baldwin by 284.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after buying an additional 1,239 shares during the last quarter. Versant Capital Management Inc raised its stake in shares of Alexander & Baldwin by 90.0% during the fourth 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. Wealthfront Advisers LLC purchased a new position in shares of Alexander & Baldwin during the fourth quarter worth approximately $112,000. Aigen Investment Management LP purchased a new position in shares of Alexander & Baldwin in the fourth quarter worth $227,000. Finally, Van ECK Associates Corp increased its stake in shares of Alexander & Baldwin by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 13,787 shares of the financial services provider's stock worth $245,000 after buying an additional 1,277 shares during the period. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Stock Performance

NYSE:ALEX traded up $0.17 during mid-day trading on Thursday, reaching $17.35. The company's stock had a trading volume of 587,157 shares, compared to its average volume of 383,614. Alexander & Baldwin, Inc. has a 12-month low of $15.70 and a 12-month high of $20.30. The firm's fifty day moving average price is $17.18 and its two-hundred day moving average price is $17.98. 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 stock has a market cap of $1.26 billion, a P/E ratio of 27.98 and a beta of 1.03.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last issued its quarterly earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share for the quarter, topping the consensus estimate of $0.15 by $0.15. The business had revenue of $62.45 million for 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%. On average, equities analysts forecast that Alexander & Baldwin, Inc. will post 1.35 EPS for the current fiscal year.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be issued a $0.225 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 5.19%. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Analyst Ratings Changes

Several analysts recently weighed in on ALEX shares. JMP Securities reiterated a "market perform" rating on shares of Alexander & Baldwin in a report on Monday, January 6th. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th. Finally, Piper Sandler lifted their price target 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.

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.