Harbor Capital Advisors Inc. Has $1.60 Million Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Harbor Capital Advisors Inc. reduced its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 59.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 92,738 shares of the financial services provider's stock after selling 135,729 shares during the quarter. Harbor Capital Advisors Inc. owned 0.13% of Alexander & Baldwin worth $1,598,000 at the end of the most recent reporting period.

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

Alexander & Baldwin Stock Performance

NYSE ALEX traded down $0.36 on Friday, reaching $17.84. The stock had a trading volume of 435,925 shares, compared to its average volume of 396,543. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market cap of $1.30 billion, a P/E ratio of 28.77 and a beta of 1.03. The firm has a fifty day moving average of $17.31 and a two-hundred day moving average of $17.68. Alexander & Baldwin, Inc. has a 1-year low of $15.70 and a 1-year high of $20.30.

Alexander & Baldwin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors of record on Friday, June 13th will be paid a $0.225 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.90 annualized dividend and a dividend yield of 5.04%. Alexander & Baldwin's dividend payout ratio (DPR) is presently 105.88%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ALEX. Wall Street Zen cut 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 objective 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.

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.