Barclays PLC Has $4.84 Million Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

Barclays PLC boosted its position in Alexander & Baldwin, Inc. (NYSE:ALEX) by 25.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 251,868 shares of the financial services provider’s stock after buying an additional 51,027 shares during the period. Barclays PLC owned approximately 0.35% of Alexander & Baldwin worth $4,836,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC grew 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 worth $29,000 after buying an additional 759 shares during the period. Rothschild Investment LLC bought a new position in Alexander & Baldwin during the second quarter worth $35,000. Mirae Asset Global Investments Co. Ltd. grew its holdings 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 during the period. Point72 Asia Singapore Pte. Ltd. increased its stake in Alexander & Baldwin by 19.9% in the third 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 in the last quarter. Finally, KBC Group NV raised its holdings in shares of 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 during the period. Institutional investors own 91.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. 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 objective (up previously from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $17.47 on Friday. The stock has a market cap of $1.27 billion, a price-to-earnings ratio of 28.18 and a beta of 1.27. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The firm’s 50-day simple moving average is $19.06 and its 200 day simple moving average is $18.61.

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 of this dividend is Friday, December 20th. This represents a $0.89 annualized dividend and a dividend yield of 5.09%. Alexander & Baldwin’s payout ratio is 143.55%.

About Alexander & Baldwin

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.