Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Purchased by Regency Capital Management Inc. DE

Regency Capital Management Inc. DE grew its stake in Alexander & Baldwin, Inc. (NYSE:ALEX) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 430,747 shares of the financial services provider’s stock after purchasing an additional 160,928 shares during the period. Alexander & Baldwin comprises about 4.1% of Regency Capital Management Inc. DE’s investment portfolio, making the stock its 6th biggest position. Regency Capital Management Inc. DE owned about 0.59% of Alexander & Baldwin worth $7,641,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in ALEX. GAMMA Investing LLC raised its stake 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 valued at $29,000 after buying an additional 759 shares in the last quarter. Versant Capital Management Inc increased its stake in Alexander & Baldwin by 90.0% in the fourth quarter. Versant Capital Management Inc now owns 2,183 shares of the financial services provider’s stock valued at $39,000 after acquiring an additional 1,034 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Alexander & Baldwin by 34.8% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 727 shares in the last quarter. Point72 Asia Singapore Pte. Ltd. lifted its stake in Alexander & Baldwin by 19.9% during the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 572 shares during the period. Finally, KBC Group NV boosted its holdings in Alexander & Baldwin by 53.6% during the third quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,338 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Up 0.8 %

Shares of ALEX opened at $17.63 on Friday. The company has a market capitalization of $1.28 billion, a P/E ratio of 28.43 and a beta of 1.29. Alexander & Baldwin, Inc. has a one year low of $15.53 and a one year high of $20.30. The business’s 50 day simple moving average is $18.34 and its 200-day simple moving average is $18.76. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th were issued a dividend of $0.2225 per share. This represents a $0.89 annualized dividend and a dividend yield of 5.05%. The ex-dividend date was Friday, December 20th. Alexander & Baldwin’s payout ratio is presently 145.16%.

Analyst Ratings Changes

ALEX has been the subject of a number of recent research reports. JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a report on Monday, January 6th. StockNews.com lowered Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Friday, January 17th. Finally, Piper Sandler restated 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. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Alexander & Baldwin presently has an average rating of “Moderate Buy” and an average price target of $22.50.

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.