Janney Montgomery Scott LLC Buys 9,719 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Janney Montgomery Scott LLC increased its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 32.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 39,434 shares of the financial services provider’s stock after acquiring an additional 9,719 shares during the period. Janney Montgomery Scott LLC owned about 0.05% of Alexander & Baldwin worth $700,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its position in shares of Alexander & Baldwin by 20.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 57,743 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 9,730 shares during the last quarter. AQR Capital Management LLC purchased a new stake in Alexander & Baldwin in the second quarter worth approximately $219,000. The Manufacturers Life Insurance Company grew its position in Alexander & Baldwin by 5.3% during the second quarter. The Manufacturers Life Insurance Company now owns 38,563 shares of the financial services provider’s stock valued at $654,000 after acquiring an additional 1,938 shares during the last quarter. SG Americas Securities LLC raised its stake in shares of Alexander & Baldwin by 283.3% during the third quarter. SG Americas Securities LLC now owns 24,003 shares of the financial services provider’s stock worth $461,000 after acquiring an additional 17,741 shares in the last quarter. Finally, GAMMA Investing LLC lifted 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 worth $29,000 after acquiring an additional 759 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 0.5 %

Shares of NYSE ALEX opened at $17.93 on Friday. The firm’s fifty day moving average is $18.04 and its 200 day moving average is $18.77. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 28.91 and a beta of 1.29.

Alexander & Baldwin Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were paid a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 4.97%. The ex-dividend date of this dividend was Friday, December 20th. Alexander & Baldwin’s dividend payout ratio (DPR) is 145.16%.

Analyst Upgrades and Downgrades

ALEX has been the topic of several recent research reports. StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Thursday. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Finally, Piper Sandler reissued an “overweight” rating and issued a $23.00 target price (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $22.50.

Alexander & Baldwin 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.