Two Sigma Advisers LP Makes New $532,000 Investment in Alexander & Baldwin, Inc. (NYSE:ALEX)

Two Sigma Advisers LP acquired a new position in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) during the fourth quarter, according to the company in its most recent filing with the SEC. The fund acquired 30,000 shares of the financial services provider's stock, valued at approximately $532,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Bank of America Corp DE lifted its holdings in Alexander & Baldwin by 321.2% in the 4th quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock worth $6,302,000 after buying an additional 270,907 shares in the last quarter. Northern Trust Corp increased its position in shares of Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after purchasing an additional 194,534 shares during the last quarter. Intech Investment Management LLC increased its position in shares of Alexander & Baldwin by 167.5% in the 4th quarter. Intech Investment Management LLC now owns 33,986 shares of the financial services provider's stock worth $603,000 after purchasing an additional 21,283 shares during the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Alexander & Baldwin by 692.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,784 shares of the financial services provider's stock worth $2,870,000 after purchasing an additional 141,376 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased its position in shares of 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 purchasing an additional 1,239 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Stock Performance

Shares of NYSE:ALEX traded up $0.10 during trading on Friday, hitting $18.14. 265,650 shares of the company traded hands, compared to its average volume of 396,186. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of 29.26 and a beta of 1.03. The business's fifty day moving average is $17.16 and its 200-day moving average is $17.71. Alexander & Baldwin, Inc. has a one year low of $15.70 and a one year 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 announced 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 4.96%. The ex-dividend date of this dividend is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is presently 105.88%.

Analysts Set New Price Targets

ALEX has been the subject of several research analyst reports. Piper Sandler boosted their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Wall Street Zen downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research 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.