International Assets Investment Management LLC Makes New $2.28 Million Investment in Alexander & Baldwin, Inc. (NYSE:ALEX)

International Assets Investment Management LLC bought a new position in Alexander & Baldwin, Inc. (NYSE:ALEX) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,983 shares of the financial services provider’s stock, valued at approximately $2,280,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALEX. Tower Research Capital LLC TRC lifted its stake in shares of Alexander & Baldwin by 500.0% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,752 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 1,460 shares during the period. Lazard Asset Management LLC acquired a new stake in shares of Alexander & Baldwin in the 3rd quarter worth approximately $31,000. Allspring Global Investments Holdings LLC lifted its stake in shares of Alexander & Baldwin by 46.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,516 shares of the financial services provider’s stock worth $59,000 after acquiring an additional 1,114 shares during the period. State of Wyoming lifted its stake in shares of Alexander & Baldwin by 132.9% in the 4th quarter. State of Wyoming now owns 6,156 shares of the financial services provider’s stock worth $115,000 after acquiring an additional 3,513 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Alexander & Baldwin in the 1st quarter worth approximately $231,000. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Up 2.1 %

ALEX stock opened at $16.09 on Friday. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $19.99. The firm has a market cap of $1.17 billion, a PE ratio of 40.21 and a beta of 1.21. The firm has a 50 day simple moving average of $16.50 and a 200 day simple moving average of $16.97. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43.

Alexander & Baldwin Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Friday, March 15th were given a $0.2225 dividend. This represents a $0.89 annualized dividend and a dividend yield of 5.53%. The ex-dividend date was Thursday, March 14th. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s dividend payout ratio is 222.50%.

Wall Street Analyst Weigh In

ALEX has been the subject of several recent research reports. Piper Sandler cut their target price on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating for the company in a research note on Thursday, March 14th. TheStreet lowered shares of Alexander & Baldwin from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, Alexander & Baldwin presently has an average rating of “Hold” and an average target price 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.