Kestra Private Wealth Services LLC Buys 648 Shares of Alexander & Baldwin, Inc. (NYSE:ALEX)

Kestra Private Wealth Services LLC raised its holdings in Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,607 shares of the financial services provider’s stock after purchasing an additional 648 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Alexander & Baldwin were worth $596,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Point72 Asia Singapore Pte. Ltd. grew its stake in Alexander & Baldwin by 19.9% in the 3rd quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 572 shares during the period. Oppenheimer Asset Management Inc. lifted its position in shares of Alexander & Baldwin by 5.2% during the 3rd 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 during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of 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 valued at $54,000 after buying an additional 727 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Alexander & Baldwin by 103.3% during the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after buying an additional 759 shares during the last quarter. Finally, CKW Financial Group lifted its position in shares of Alexander & Baldwin by 5.8% during the 3rd quarter. CKW Financial Group now owns 16,785 shares of the financial services provider’s stock valued at $320,000 after buying an additional 924 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Thursday, February 6th. JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday, January 6th. Finally, Piper Sandler reaffirmed an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $22.50.

Alexander & Baldwin Stock Down 1.2 %

Shares of NYSE ALEX opened at $17.78 on Friday. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30. The business has a 50-day simple moving average of $17.86 and a two-hundred day simple moving average of $18.73. 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 $1.29 billion, a P/E ratio of 28.67 and a beta of 1.29.

Alexander & Baldwin Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Shareholders 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 annualized dividend and a yield of 5.01%. Alexander & Baldwin’s dividend payout ratio is currently 145.16%.

About Alexander & Baldwin

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.