Schonfeld Strategic Advisors LLC Has $1.20 Million Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Schonfeld Strategic Advisors LLC increased its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 174.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 67,720 shares of the financial services provider's stock after acquiring an additional 43,090 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.09% of Alexander & Baldwin worth $1,201,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after acquiring an additional 194,534 shares during the last quarter. Hancock Whitney Corp bought a new position in Alexander & Baldwin in the 4th quarter valued at approximately $236,000. Voya Investment Management LLC boosted its position in Alexander & Baldwin by 1.8% in the fourth quarter. Voya Investment Management LLC now owns 80,800 shares of the financial services provider's stock valued at $1,433,000 after buying an additional 1,436 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Alexander & Baldwin by 21.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 28,974 shares of the financial services provider's stock worth $514,000 after buying an additional 5,150 shares during the last quarter. Finally, Dark Forest Capital Management LP acquired a new position in shares of Alexander & Baldwin during the fourth quarter worth $844,000. 91.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALEX has been the topic of a number of research reports. StockNews.com lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. Piper Sandler upped 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 Stock Up 0.2 %

Shares of ALEX opened at $17.31 on Thursday. The stock's 50-day moving average price is $17.11 and its two-hundred day moving average price is $17.93. Alexander & Baldwin, Inc. has a 12 month low of $15.70 and a 12 month high of $20.30. The company has a market capitalization of $1.26 billion, a PE ratio of 27.92 and a beta of 0.99. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin (NYSE:ALEX - Get Free Report) last announced 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. The business had revenue of $62.45 million for the quarter, compared to analysts' expectations of $49.68 million. Alexander & Baldwin had a return on equity of 5.93% and a net margin of 19.64%. On average, analysts anticipate that Alexander & Baldwin, Inc. will post 1.35 EPS for the current year.

Alexander & Baldwin Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, June 13th. This represents a $0.90 dividend on an annualized basis and a yield of 5.20%. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Alexander & Baldwin Company 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.

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