Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by Nebula Research & Development LLC

Nebula Research & Development LLC reduced its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 26.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 29,627 shares of the financial services provider’s stock after selling 10,489 shares during the quarter. Nebula Research & Development LLC’s holdings in Alexander & Baldwin were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Smartleaf Asset Management LLC lifted 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 acquiring an additional 1,239 shares in the last quarter. Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 1,034 shares during the period. Wealthfront Advisers LLC acquired a new stake in Alexander & Baldwin during the 4th quarter valued at $112,000. XTX Topco Ltd purchased a new stake in Alexander & Baldwin during the 4th quarter worth $206,000. Finally, Aigen Investment Management LP purchased a new position in Alexander & Baldwin in the 4th quarter valued at about $227,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analyst Weigh In

ALEX has been the topic of a number of recent analyst reports. Piper Sandler upped their target price on Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a research report on Friday, February 28th. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Finally, StockNews.com downgraded shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research report on Sunday, March 16th.

Alexander & Baldwin Stock Up 1.4 %

Shares of Alexander & Baldwin stock opened at $17.04 on Wednesday. Alexander & Baldwin, Inc. has a twelve month low of $15.70 and a twelve month high of $20.30. The stock has a market capitalization of $1.24 billion, a price-to-earnings ratio of 27.49 and a beta of 1.03. 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 business’s 50 day simple moving average is $17.19 and its 200-day simple moving average is $17.98.

Alexander & Baldwin (NYSE:ALEX) last posted its earnings results on Thursday, February 27th. The financial services provider reported $0.30 EPS for the quarter, topping the consensus estimate of $0.15 by $0.15. The firm had revenue of $62.45 million during the quarter, compared to analysts’ expectations of $49.68 million. Alexander & Baldwin had a net margin of 19.64% and a return on equity of 5.93%. Equities research analysts forecast that Alexander & Baldwin, Inc. will post 1.35 earnings per share for the current year.

Alexander & Baldwin Dividend Announcement

The firm 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 $0.225 dividend. The ex-dividend date is Friday, June 13th. This represents a $0.90 annualized dividend and a yield of 5.28%. Alexander & Baldwin’s dividend payout ratio (DPR) is 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.