Public Employees Retirement System of Ohio Purchases New Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Public Employees Retirement System of Ohio bought a new stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 104,652 shares of the financial services provider's stock, valued at approximately $1,857,000. Public Employees Retirement System of Ohio owned about 0.14% of Alexander & Baldwin as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of ALEX. Bank of Montreal Can grew its holdings in Alexander & Baldwin by 2.3% in the 4th quarter. Bank of Montreal Can now owns 27,594 shares of the financial services provider's stock valued at $490,000 after buying an additional 615 shares during the last quarter. Kestra Private Wealth Services LLC lifted its position in shares of Alexander & Baldwin by 2.0% during the 4th quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider's stock worth $596,000 after buying an additional 648 shares during the period. American Century Companies Inc. increased its position in shares of Alexander & Baldwin by 3.4% during the 4th quarter. American Century Companies Inc. now owns 24,188 shares of the financial services provider's stock worth $429,000 after purchasing an additional 797 shares in the last quarter. 1620 Investment Advisors Inc. boosted its holdings in shares of Alexander & Baldwin by 4.4% in the 4th quarter. 1620 Investment Advisors Inc. now owns 20,937 shares of the financial services provider's stock worth $371,000 after acquiring an additional 879 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its position in Alexander & Baldwin by 0.6% during the 4th quarter. CANADA LIFE ASSURANCE Co now owns 154,562 shares of the financial services provider's stock worth $2,742,000 after acquiring an additional 948 shares during the last quarter. 91.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Wall Street Zen lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler lifted their price objective on Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a report on Friday, February 28th.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX traded down $0.04 during midday trading on Thursday, hitting $18.03. 302,412 shares of the company's stock were exchanged, compared to its average volume of 395,765. The company's 50 day moving average price is $17.15 and its 200 day moving average price is $17.73. The firm has a market capitalization of $1.31 billion, a PE ratio of 29.08 and a beta of 1.03. Alexander & Baldwin, Inc. has a 12 month low of $15.70 and a 12 month high of $20.30. 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 Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th will be paid a $0.225 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 annualized dividend and a dividend yield of 4.99%. Alexander & Baldwin's payout ratio is 105.88%.

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.