LDR Capital Management LLC Raises Stake in Alexander & Baldwin, Inc. (NYSE:ALEX)

LDR Capital Management LLC raised its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 26.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 111,844 shares of the financial services provider’s stock after purchasing an additional 23,545 shares during the quarter. Alexander & Baldwin accounts for about 2.7% of LDR Capital Management LLC’s investment portfolio, making the stock its 15th largest position. LDR Capital Management LLC’s holdings in Alexander & Baldwin were worth $1,984,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the company. Principal Financial Group Inc. lifted its holdings in Alexander & Baldwin by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 352,238 shares of the financial services provider’s stock valued at $6,249,000 after purchasing an additional 9,901 shares in the last quarter. State of New Jersey Common Pension Fund D lifted its holdings in shares of Alexander & Baldwin by 5.2% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 116,654 shares of the financial services provider’s stock worth $2,069,000 after buying an additional 5,811 shares in the last quarter. Van ECK Associates Corp lifted its holdings in shares of Alexander & Baldwin by 10.2% in the fourth quarter. Van ECK Associates Corp now owns 13,787 shares of the financial services provider’s stock worth $245,000 after buying an additional 1,277 shares in the last quarter. Kestra Private Wealth Services LLC lifted its holdings in shares of Alexander & Baldwin by 2.0% in the fourth quarter. Kestra Private Wealth Services LLC now owns 33,607 shares of the financial services provider’s stock worth $596,000 after buying an additional 648 shares in the last quarter. Finally, Entropy Technologies LP purchased a new position in shares of Alexander & Baldwin in the fourth quarter worth $341,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 0.1 %

ALEX stock opened at $17.62 on Friday. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a twelve month low of $15.53 and a twelve month high of $20.30. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of 28.41 and a beta of 1.29. The firm’s fifty day simple moving average is $17.70 and its two-hundred day simple moving average is $18.68.

Alexander & Baldwin Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders of record on Friday, December 20th were given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 5.05%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s dividend payout ratio (DPR) is 145.16%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. Finally, StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Alexander & Baldwin currently 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.