Alexander & Baldwin, Inc. (NYSE:ALEX) Shares Acquired by Versant Capital Management Inc

Versant Capital Management Inc raised its holdings in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 90.0% in the fourth quarter, Holdings Channel.com reports. The firm owned 2,183 shares of the financial services provider’s stock after buying an additional 1,034 shares during the period. Versant Capital Management Inc’s holdings in Alexander & Baldwin were worth $39,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC grew its position in shares of Alexander & Baldwin by 103.3% during the third 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 acquiring an additional 727 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. boosted its stake in Alexander & Baldwin by 19.9% during 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 acquiring an additional 572 shares during the last quarter. KBC Group NV grew its holdings in Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock worth $74,000 after acquiring an additional 1,338 shares in the last quarter. Finally, Point72 DIFC Ltd bought a new stake in shares of Alexander & Baldwin in the 3rd quarter worth about $79,000. 91.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently commented on ALEX. Piper Sandler reiterated an “overweight” rating and issued a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. JMP Securities reiterated a “market perform” rating on shares of Alexander & Baldwin in a research report on Monday. Finally, StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Monday, November 25th. One research analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $22.50.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $17.42 on Tuesday. 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 firm has a 50-day simple moving average of $18.85 and a 200 day simple moving average of $18.71. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The company has a market cap of $1.27 billion, a PE ratio of 28.10 and a beta of 1.29.

Alexander & Baldwin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Friday, December 20th will be given a dividend of $0.2225 per share. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date of this dividend is Friday, December 20th. Alexander & Baldwin’s payout ratio is 145.16%.

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.