Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Bought by Schonfeld Strategic Advisors LLC

Schonfeld Strategic Advisors LLC lifted its stake in Alexander & Baldwin, Inc. (NYSE:ALEX - Free Report) by 174.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 67,720 shares of the financial services provider's stock after purchasing an additional 43,090 shares during the period. Schonfeld Strategic Advisors LLC owned about 0.09% of Alexander & Baldwin worth $1,201,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Smartleaf Asset Management LLC increased its position in 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 position in Alexander & Baldwin during the 4th quarter worth approximately $112,000. XTX Topco Ltd acquired a new position in Alexander & Baldwin during the 4th quarter worth approximately $206,000. Aigen Investment Management LP acquired a new position in Alexander & Baldwin during the 4th quarter worth approximately $227,000. Finally, Tower Research Capital LLC TRC increased its position in 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. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock traded down $0.12 during mid-day trading on Tuesday, reaching $17.63. The company had a trading volume of 65,507 shares, compared to its average volume of 385,982. Alexander & Baldwin, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. 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 capitalization of $1.28 billion, a P/E ratio of 28.44 and a beta of 0.99. The stock's 50-day simple moving average is $17.10 and its 200-day simple moving average is $17.91.

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 analysts' consensus estimates 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 analyst estimates of $49.68 million. On average, equities analysts predict that Alexander & Baldwin, Inc. will post 1.35 EPS for the current year.

Alexander & Baldwin Dividend Announcement

The business also recently announced 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. This represents a $0.90 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's payout ratio is currently 105.88%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on ALEX. Piper Sandler boosted their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. StockNews.com cut shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a report on Sunday, March 16th.

About Alexander & Baldwin

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.