Smartleaf Asset Management LLC Purchases 1,239 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Smartleaf Asset Management LLC lifted its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 284.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,675 shares of the financial services provider’s stock after acquiring an additional 1,239 shares during the period. Smartleaf Asset Management LLC’s holdings in Alexander & Baldwin were worth $29,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its holdings in shares of Alexander & Baldwin by 90.0% during the 4th quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock worth $39,000 after acquiring an additional 1,034 shares during the period. Point72 Asia Singapore Pte. Ltd. lifted its holdings in shares of 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 acquiring an additional 572 shares during the period. KBC Group NV lifted its stake in Alexander & Baldwin by 53.6% in 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 last quarter. Point72 DIFC Ltd bought a new position in Alexander & Baldwin in the 3rd quarter valued at approximately $79,000. Finally, Point72 Asset Management L.P. lifted its stake in Alexander & Baldwin by 35.1% in the 3rd quarter. Point72 Asset Management L.P. now owns 9,100 shares of the financial services provider’s stock valued at $175,000 after purchasing an additional 2,363 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 2.2 %

Shares of NYSE ALEX opened at $17.93 on Thursday. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week high of $20.30. The firm has a 50 day moving average price of $17.75 and a two-hundred day moving average price of $18.58. The stock has a market cap of $1.30 billion, a P/E ratio of 28.91 and a beta of 1.27.

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

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 7th. Stockholders of record on Friday, March 14th will be given a dividend of $0.225 per share. The ex-dividend date of this dividend is Friday, March 14th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.90 annualized dividend and a dividend yield of 5.02%. Alexander & Baldwin’s dividend payout ratio is 107.14%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on ALEX shares. Piper Sandler increased their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the company an “overweight” rating in a research note on Friday, February 28th. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Finally, StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Saturday, March 8th.

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.