Regency Capital Management Inc. DE Has $5.69 Million Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Regency Capital Management Inc. DE lowered its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 11.4% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 335,702 shares of the financial services provider’s stock after selling 43,173 shares during the period. Alexander & Baldwin accounts for approximately 3.7% of Regency Capital Management Inc. DE’s holdings, making the stock its 11th largest position. Regency Capital Management Inc. DE owned about 0.46% of Alexander & Baldwin worth $5,694,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Central Pacific Bank Trust Division bought a new position in shares of Alexander & Baldwin in the first quarter valued at about $32,000. Rothschild Investment LLC acquired a new stake in Alexander & Baldwin during the second quarter worth approximately $35,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Alexander & Baldwin during the first quarter worth approximately $41,000. Quarry LP grew its position in shares of Alexander & Baldwin by 577.4% in the second quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock valued at $86,000 after purchasing an additional 4,302 shares during the last quarter. Finally, EntryPoint Capital LLC bought a new position in shares of Alexander & Baldwin during the first quarter worth approximately $108,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $19.20 on Tuesday. The business has a fifty day moving average price of $19.29 and a two-hundred day moving average price of $17.51. The stock has a market capitalization of $1.39 billion, a PE ratio of 31.48 and a beta of 1.26. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.53. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30.

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 7th. Shareholders of record on Friday, September 20th will be paid a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a yield of 4.64%. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. The ex-dividend date of this dividend is Friday, September 20th. Alexander & Baldwin’s dividend payout ratio is presently 145.90%.

Analyst Ratings Changes

ALEX has been the subject of several recent research reports. Piper Sandler upgraded Alexander & Baldwin from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $17.00 to $22.00 in a research note on Friday, July 26th. Alliance Global Partners initiated coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, Alexander & Baldwin has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.