Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP cut its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 75.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,700 shares of the financial services provider's stock after selling 89,713 shares during the period. ExodusPoint Capital Management LP's holdings in Alexander & Baldwin were worth $527,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ALEX. Smartleaf Asset Management LLC raised its position in shares of Alexander & Baldwin by 284.2% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock valued at $29,000 after buying an additional 1,239 shares during the last quarter. Versant Capital Management Inc boosted its stake in 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 valued at $39,000 after buying an additional 1,034 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Alexander & Baldwin in the 4th quarter worth approximately $112,000. Point72 Asset Management L.P. boosted its position in shares of Alexander & Baldwin by 35.1% during the 3rd quarter. Point72 Asset Management L.P. now owns 9,100 shares of the financial services provider's stock valued at $175,000 after acquiring an additional 2,363 shares during the last quarter. Finally, Aigen Investment Management LP bought a new stake in shares of Alexander & Baldwin in the 4th quarter valued at approximately $227,000. 91.29% of the stock is owned by institutional investors.

Alexander & Baldwin Price Performance

Shares of ALEX stock traded up $0.19 on Friday, reaching $16.81. 278,812 shares of the company were exchanged, compared to its average volume of 374,274. 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 $15.63 and a 1 year high of $20.30. The company has a market cap of $1.22 billion, a price-to-earnings ratio of 27.11 and a beta of 1.03. The business has a 50-day moving average price of $17.36 and a 200 day moving average price of $18.09.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last issued 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 company had revenue of $62.45 million for the quarter, compared to the consensus estimate of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. Equities research analysts forecast that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 7th. Shareholders of record on Friday, March 14th were given a $0.225 dividend. The ex-dividend date was Friday, March 14th. This represents a $0.90 dividend on an annualized basis and a yield of 5.36%. This is a boost from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's dividend payout ratio is presently 107.14%.

Analyst Upgrades and Downgrades

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

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.