Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans lowered its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 5.4% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 57,029 shares of the financial services provider’s stock after selling 3,233 shares during the period. Thrivent Financial for Lutherans’ holdings in Alexander & Baldwin were worth $1,095,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Reinhart Partners LLC. raised its position in Alexander & Baldwin by 2.9% during the third quarter. Reinhart Partners LLC. now owns 2,553,912 shares of the financial services provider’s stock valued at $49,035,000 after acquiring an additional 72,240 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Alexander & Baldwin by 3.1% during the 3rd quarter. Victory Capital Management Inc. now owns 965,435 shares of the financial services provider’s stock valued at $18,536,000 after purchasing an additional 29,006 shares in the last quarter. Mesirow Institutional Investment Management Inc. lifted its stake in shares of Alexander & Baldwin by 1.7% in the 2nd quarter. Mesirow Institutional Investment Management Inc. now owns 516,368 shares of the financial services provider’s stock valued at $8,758,000 after purchasing an additional 8,554 shares during the period. Pinnacle Associates Ltd. boosted its holdings in Alexander & Baldwin by 9.6% during the third quarter. Pinnacle Associates Ltd. now owns 389,006 shares of the financial services provider’s stock worth $7,399,000 after buying an additional 34,007 shares in the last quarter. Finally, Harbor Capital Advisors Inc. grew its position in Alexander & Baldwin by 101.0% during the third quarter. Harbor Capital Advisors Inc. now owns 221,692 shares of the financial services provider’s stock valued at $4,256,000 after buying an additional 111,392 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 0.5 %

Shares of Alexander & Baldwin stock opened at $19.68 on Monday. The stock has a 50 day moving average of $19.07 and a 200 day moving average of $18.39. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 31.74 and a beta of 1.26. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler reiterated an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Finally, Alliance Global Partners initiated coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target on the stock. Four analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alexander & Baldwin presently has a consensus rating of “Buy” and a consensus target price 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.