Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by DigitalBridge Group Inc.

DigitalBridge Group Inc. reduced its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 60.3% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 111,191 shares of the financial services provider's stock after selling 169,100 shares during the period. DigitalBridge Group Inc. owned approximately 0.15% of Alexander & Baldwin worth $1,973,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Smartleaf Asset Management LLC boosted its stake in shares of Alexander & Baldwin by 284.2% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,675 shares of the financial services provider's stock worth $29,000 after acquiring an additional 1,239 shares in the last quarter. Wealthfront Advisers LLC purchased a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $112,000. XTX Topco Ltd purchased a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $206,000. PharVision Advisers LLC purchased a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $209,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $227,000. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded up $0.02 during midday trading on Wednesday, reaching $17.67. The company had a trading volume of 282,008 shares, compared to its average volume of 390,156. The company has a market capitalization of $1.28 billion, a P/E ratio of 28.50 and a beta of 0.99. Alexander & Baldwin, Inc. has a 12-month low of $15.70 and a 12-month high of $20.30. The firm's fifty day simple moving average is $17.05 and its 200-day simple moving average is $17.79. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

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

Alexander & Baldwin Dividend Announcement

The firm 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 yield of 5.09%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio (DPR) is 105.88%.

Analyst Ratings Changes

ALEX has been the topic of several recent analyst reports. Wall Street Zen lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler raised their price target on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research note 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.