Alexander & Baldwin, Inc. (NYSE:ALEX) Short Interest Update

Alexander & Baldwin, Inc. (NYSE:ALEX) was the target of a large decline in short interest during the month of December. As of December 15th, there was short interest totalling 489,100 shares, a decline of 6.7% from the November 30th total of 524,100 shares. Approximately 0.7% of the shares of the company are sold short. Based on an average daily trading volume, of 318,900 shares, the short-interest ratio is presently 1.5 days.

Institutional Trading of Alexander & Baldwin

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. lifted its position in shares of Alexander & Baldwin by 31.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 582,974 shares of the financial services provider’s stock valued at $11,193,000 after buying an additional 140,207 shares in the last quarter. Tidal Investments LLC raised its stake in Alexander & Baldwin by 29.0% during the 3rd quarter. Tidal Investments LLC now owns 52,195 shares of the financial services provider’s stock worth $1,002,000 after acquiring an additional 11,719 shares during the period. Geode Capital Management LLC lifted its holdings in Alexander & Baldwin by 1.3% during the third quarter. Geode Capital Management LLC now owns 1,876,341 shares of the financial services provider’s stock valued at $36,032,000 after purchasing an additional 23,441 shares in the last quarter. Barclays PLC boosted its position in shares of Alexander & Baldwin by 25.4% in the third quarter. Barclays PLC now owns 251,868 shares of the financial services provider’s stock worth $4,836,000 after purchasing an additional 51,027 shares during the period. Finally, Jane Street Group LLC increased its stake in shares of Alexander & Baldwin by 61.2% in the third quarter. Jane Street Group LLC now owns 94,616 shares of the financial services provider’s stock worth $1,817,000 after purchasing an additional 35,916 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on ALEX. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Monday, November 25th. Piper Sandler restated an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th.

Alexander & Baldwin Trading Up 0.7 %

Shares of Alexander & Baldwin stock opened at $17.74 on Thursday. Alexander & Baldwin has a 1-year low of $15.53 and a 1-year high of $20.30. The company’s fifty day simple moving average is $18.91 and its 200-day simple moving average is $18.67. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $1.29 billion, a PE ratio of 28.61 and a beta of 1.27.

Alexander & Baldwin Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Friday, December 20th will be given a dividend of $0.2225 per share. The ex-dividend date is Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 5.02%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 145.16%.

Alexander & Baldwin Company 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.