Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System decreased its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 3.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,100 shares of the financial services provider’s stock after selling 1,400 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Alexander & Baldwin were worth $674,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC acquired a new position in Alexander & Baldwin during the first quarter worth about $41,000. BNP Paribas Financial Markets boosted its holdings in Alexander & Baldwin by 18.7% in the 1st quarter. BNP Paribas Financial Markets now owns 46,859 shares of the financial services provider’s stock valued at $772,000 after purchasing an additional 7,383 shares during the last quarter. Janney Montgomery Scott LLC boosted its holdings in Alexander & Baldwin by 42.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,552 shares of the financial services provider’s stock valued at $240,000 after purchasing an additional 4,366 shares during the last quarter. Daiwa Securities Group Inc. boosted its holdings in Alexander & Baldwin by 7.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 23,687 shares of the financial services provider’s stock valued at $390,000 after purchasing an additional 1,553 shares during the last quarter. Finally, Central Pacific Bank Trust Division acquired a new position in Alexander & Baldwin in the 1st quarter valued at about $32,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $18.99 on Tuesday. The company’s fifty day moving average price is $19.10 and its 200 day moving average price is $17.99. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month 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 0.53. The firm has a market capitalization of $1.38 billion, a P/E ratio of 30.63 and a beta of 1.26.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price on the stock. StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, October 28th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $23.00 target price (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average 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.