Regency Capital Management Inc. DE Grows Stock Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Regency Capital Management Inc. DE increased its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 59.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 430,747 shares of the financial services provider’s stock after acquiring an additional 160,928 shares during the period. Alexander & Baldwin comprises 4.1% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 6th biggest position. Regency Capital Management Inc. DE’s holdings in Alexander & Baldwin were worth $7,641,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its stake in shares of Alexander & Baldwin by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after buying an additional 759 shares during the period. Versant Capital Management Inc boosted its holdings in Alexander & Baldwin by 90.0% in the fourth quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,034 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in Alexander & Baldwin by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 727 shares during the period. Point72 Asia Singapore Pte. Ltd. raised its holdings in Alexander & Baldwin by 19.9% during the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 572 shares during the last quarter. Finally, KBC Group NV lifted its position in Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,338 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of ALEX opened at $17.63 on Friday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. The company’s fifty day simple moving average is $18.34 and its 200 day simple moving average is $18.76. The company has a market cap of $1.28 billion, a price-to-earnings ratio of 28.43 and a beta of 1.29. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were given a $0.2225 dividend. The ex-dividend date was Friday, December 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.05%. Alexander & Baldwin’s payout ratio is presently 145.16%.

Wall Street Analyst Weigh In

ALEX has been the subject of several recent research reports. StockNews.com cut shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Friday, January 17th. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

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.