Regency Capital Management Inc. DE Acquires 70,251 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Regency Capital Management Inc. DE boosted its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 322,232 shares of the financial services provider's stock after acquiring an additional 70,251 shares during the period. Alexander & Baldwin accounts for about 3.9% of Regency Capital Management Inc. DE's investment portfolio, making the stock its 9th largest position. Regency Capital Management Inc. DE owned about 0.44% of Alexander & Baldwin worth $6,129,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Norges Bank acquired a new stake in shares of Alexander & Baldwin during the 4th quarter worth about $11,959,000. Goldman Sachs Group Inc. boosted its stake in shares of Alexander & Baldwin by 196.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 794,748 shares of the financial services provider's stock worth $14,266,000 after purchasing an additional 526,872 shares during the last quarter. State Street Corp boosted its stake in shares of Alexander & Baldwin by 14.5% during the 1st quarter. State Street Corp now owns 4,026,802 shares of the financial services provider's stock worth $94,133,000 after purchasing an additional 508,580 shares during the last quarter. Schonfeld Strategic Advisors LLC acquired a new stake in shares of Alexander & Baldwin during the 1st quarter worth about $7,731,000. Finally, DigitalBridge Group Inc. boosted its stake in shares of Alexander & Baldwin by 26.9% during the 3rd quarter. DigitalBridge Group Inc. now owns 1,062,380 shares of the financial services provider's stock worth $17,774,000 after purchasing an additional 225,441 shares during the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Trading Up 0.1 %

Shares of ALEX stock traded up $0.02 during trading hours on Wednesday, hitting $16.04. 222,929 shares of the company were exchanged, compared to its average volume of 325,885. The firm has a market cap of $1.16 billion, a PE ratio of 40.10 and a beta of 1.21. Alexander & Baldwin, Inc. has a 1 year low of $15.56 and a 1 year high of $19.99. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The firm has a fifty day moving average of $16.81 and a 200 day moving average of $17.05.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 15th will be issued a $0.2225 dividend. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. The ex-dividend date is Thursday, March 14th. This represents a $0.89 annualized dividend and a yield of 5.55%. Alexander & Baldwin's dividend payout ratio (DPR) is presently 222.50%.

Analyst Ratings Changes

Several research firms have issued reports on ALEX. Janney Montgomery Scott started coverage on shares of Alexander & Baldwin in a research note on Tuesday, December 12th. They set a "buy" rating and a $20.00 price target on the stock. Piper Sandler cut their price objective on shares of Alexander & Baldwin from $19.00 to $17.00 and set a "neutral" rating on the stock in a report on Thursday, March 14th. Finally, TheStreet lowered shares of Alexander & Baldwin from a "b-" rating to a "c+" rating in a report on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $18.50.

Alexander & Baldwin Profile

Alexander & Baldwin, Inc NYSE: ALEX (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets.

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