Cerity Partners LLC Has $420,000 Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Cerity Partners LLC grew its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 48.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,882 shares of the financial services provider’s stock after acquiring an additional 7,142 shares during the quarter. Cerity Partners LLC’s holdings in Alexander & Baldwin were worth $420,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. GAMMA Investing LLC lifted 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 acquiring an additional 759 shares during the last quarter. Rothschild Investment LLC acquired a new position in Alexander & Baldwin in the 2nd quarter worth about $35,000. Mirae Asset Global Investments Co. Ltd. increased its holdings in Alexander & Baldwin by 34.8% in 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 purchasing an additional 727 shares in the last quarter. KBC Group NV raised its position in Alexander & Baldwin by 53.6% in 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 during the last quarter. Finally, Quarry LP boosted its stake in shares of Alexander & Baldwin by 577.4% during 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 in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Trading Up 0.1 %

NYSE ALEX opened at $19.44 on Monday. The firm has a market capitalization of $1.41 billion, a PE ratio of 31.36 and a beta of 1.27. The business’s 50-day moving average price is $19.07 and its two-hundred day moving average price is $18.48. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.47. Alexander & Baldwin, Inc. has a 12 month low of $15.53 and a 12 month high of $20.30.

Alexander & Baldwin Announces Dividend

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 issued a $0.2225 dividend. This represents a $0.89 annualized dividend and a yield of 4.58%. The ex-dividend date is Friday, December 20th. Alexander & Baldwin’s payout ratio is presently 143.55%.

Analysts Set New Price Targets

ALEX has been the subject of several recent research reports. Piper Sandler reaffirmed an “overweight” rating and issued a $23.00 price objective (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Monday, November 25th. Four equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Alexander & Baldwin presently has a consensus rating of “Buy” and an average target price of $21.67.

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.