Los Angeles Capital Management LLC Invests $561,000 in Alexander & Baldwin, Inc. (NYSE:ALEX)

Los Angeles Capital Management LLC purchased a new stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,203 shares of the financial services provider’s stock, valued at approximately $561,000.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 purchasing an additional 759 shares during the period. Rothschild Investment LLC acquired a new position in Alexander & Baldwin in the 2nd quarter valued at approximately $35,000. Allspring Global Investments Holdings LLC purchased a new stake in Alexander & Baldwin in the 1st quarter worth approximately $41,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock valued at $54,000 after buying an additional 727 shares during the period. Finally, Quarry LP grew its holdings in shares of Alexander & Baldwin by 577.4% during the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock valued at $86,000 after acquiring an additional 4,302 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $19.30 on Friday. The stock has a market capitalization of $1.40 billion, a P/E ratio of 31.13 and a beta of 1.26. The business has a 50-day moving average of $19.09 and a two-hundred day moving average of $18.18. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week 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.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Piper Sandler reiterated an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. Alliance Global Partners assumed coverage on Alexander & Baldwin in a report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target for the company. Finally, StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Friday. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $21.67.

Alexander & Baldwin Company 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.