Jane Street Group LLC Boosts Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Jane Street Group LLC grew its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 61.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,616 shares of the financial services provider’s stock after buying an additional 35,916 shares during the quarter. Jane Street Group LLC owned 0.13% of Alexander & Baldwin worth $1,817,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Point72 Asia Singapore Pte. Ltd. boosted its position in 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 purchasing an additional 572 shares during the period. Louisiana State Employees Retirement System boosted its position in shares of Alexander & Baldwin by 1.7% in the second quarter. Louisiana State Employees Retirement System now owns 36,500 shares of the financial services provider’s stock worth $619,000 after buying an additional 600 shares during the period. Oppenheimer Asset Management Inc. grew its stake in shares of Alexander & Baldwin by 5.2% in the third quarter. Oppenheimer Asset Management Inc. now owns 13,732 shares of the financial services provider’s stock valued at $264,000 after buying an additional 683 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Alexander & Baldwin by 34.8% in the third 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 in the last quarter. Finally, Van ECK Associates Corp raised its holdings in shares of Alexander & Baldwin by 7.0% during the 2nd quarter. Van ECK Associates Corp now owns 11,136 shares of the financial services provider’s stock valued at $189,000 after buying an additional 733 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analysts Forecast Growth

ALEX has been the subject of a number of analyst reports. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th.

Alexander & Baldwin Stock Performance

Alexander & Baldwin stock opened at $17.58 on Thursday. 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 stock has a 50 day moving average of $19.01 and a 200-day moving average of $18.64. The stock has a market cap of $1.28 billion, a P/E ratio of 28.36 and a beta of 1.27. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be paid a $0.2225 dividend. The ex-dividend date is Friday, December 20th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.06%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 145.16%.

Alexander & Baldwin 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.