Deutsche Bank AG Acquires 23,805 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Deutsche Bank AG raised its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 30.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 101,465 shares of the financial services provider's stock after purchasing an additional 23,805 shares during the period. Deutsche Bank AG owned 0.14% of Alexander & Baldwin worth $1,800,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of ALEX. Barclays PLC boosted its holdings in Alexander & Baldwin by 25.4% in the 3rd quarter. Barclays PLC now owns 251,868 shares of the financial services provider's stock worth $4,836,000 after buying an additional 51,027 shares during the period. Janney Montgomery Scott LLC boosted its stake in Alexander & Baldwin by 32.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 39,434 shares of the financial services provider's stock worth $700,000 after purchasing an additional 9,719 shares during the period. Inspire Investing LLC grew its holdings in Alexander & Baldwin by 5.1% during the 4th quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider's stock valued at $401,000 after buying an additional 1,096 shares in the last quarter. Regency Capital Management Inc. DE increased its position in shares of Alexander & Baldwin by 59.6% during the fourth quarter. Regency Capital Management Inc. DE now owns 430,747 shares of the financial services provider's stock valued at $7,641,000 after buying an additional 160,928 shares during the period. Finally, CKW Financial Group increased its position in shares of Alexander & Baldwin by 13.1% during the fourth quarter. CKW Financial Group now owns 18,976 shares of the financial services provider's stock valued at $337,000 after buying an additional 2,191 shares during the period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Wall Street Zen downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report 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 research note on Friday, February 28th.

Alexander & Baldwin Trading Up 1.3%

Shares of Alexander & Baldwin stock traded up $0.23 during trading on Thursday, reaching $17.91. 323,777 shares of the stock were exchanged, compared to its average volume of 391,182. Alexander & Baldwin, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 28.89 and a beta of 0.99. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The stock's fifty day moving average is $17.07 and its 200 day moving average is $17.78.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.30 earnings per share (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, equities research analysts expect that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be issued a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.03%. The ex-dividend date of this dividend is Friday, June 13th. Alexander & Baldwin's dividend payout ratio is 105.88%.

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.