Nuveen Asset Management LLC lowered its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 12.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 450,022 shares of the financial services provider's stock after selling 66,688 shares during the quarter. Nuveen Asset Management LLC owned about 0.62% of Alexander & Baldwin worth $7,983,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its position 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 purchasing an additional 1,239 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $112,000. XTX Topco Ltd acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $206,000. Aigen Investment Management LP acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth approximately $227,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Alexander & Baldwin by 138.7% during the 4th quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock worth $234,000 after purchasing an additional 7,653 shares during the period. Institutional investors and hedge funds own 91.29% of the company's stock.
Alexander & Baldwin Stock Performance
ALEX traded up $0.05 during trading hours on Monday, hitting $17.96. The company's stock had a trading volume of 903,449 shares, compared to its average volume of 393,829. Alexander & Baldwin, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.30. 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 firm has a market capitalization of $1.31 billion, a PE ratio of 28.96 and a beta of 0.99. The company has a 50-day simple moving average of $17.10 and a 200 day simple moving average of $17.74.
Alexander & Baldwin (NYSE:ALEX - Get Free Report) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, beating the consensus estimate of $0.15 by $0.15. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. The firm had revenue of $62.45 million for the quarter, compared to analysts' expectations of $49.68 million. As a group, sell-side analysts expect 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. Investors of record on Friday, June 13th will be given a $0.225 dividend. This represents a $0.90 annualized dividend and a yield of 5.01%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio is currently 105.88%.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. Piper Sandler increased their price target on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th.
Read Our Latest Analysis on Alexander & Baldwin
About Alexander & Baldwin
(
Free Report)
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.
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