Yousif Capital Management LLC Has $489,000 Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Yousif Capital Management LLC lessened its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,582 shares of the financial services provider’s stock after selling 628 shares during the period. Yousif Capital Management LLC’s holdings in Alexander & Baldwin were worth $489,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ALEX. Versant Capital Management Inc lifted its position in 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 last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. lifted 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 acquiring an additional 572 shares during the last quarter. KBC Group NV lifted its position in Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,338 shares during the last quarter. Finally, Point72 DIFC Ltd acquired a new position in Alexander & Baldwin during the 3rd quarter worth $79,000. 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 research analyst reports. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. StockNews.com upgraded shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Thursday, February 6th. Finally, Piper Sandler restated an “overweight” rating and set a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.50.

Alexander & Baldwin Stock Performance

NYSE:ALEX opened at $17.78 on Monday. The firm’s 50-day moving average is $17.86 and its 200-day moving average is $18.72. Alexander & Baldwin, Inc. has a 52-week low of $15.53 and a 52-week high of $20.30. 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 company has a market cap of $1.29 billion, a price-to-earnings ratio of 28.67 and a beta of 1.29.

Alexander & Baldwin Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 dividend on an annualized basis and a yield of 5.01%. Alexander & Baldwin’s payout ratio is currently 145.16%.

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.