10,479 Shares in Alexander & Baldwin, Inc. (NYSE:ALEX) Acquired by Duality Advisers LP

Duality Advisers LP purchased a new position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,479 shares of the financial services provider’s stock, valued at approximately $199,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Daiwa Securities Group Inc. raised its position in shares of Alexander & Baldwin by 4.1% in the 3rd quarter. Daiwa Securities Group Inc. now owns 23,241 shares of the financial services provider’s stock valued at $389,000 after purchasing an additional 909 shares in the last quarter. Foundry Partners LLC raised its position in shares of Alexander & Baldwin by 4.2% in the 4th quarter. Foundry Partners LLC now owns 25,320 shares of the financial services provider’s stock valued at $482,000 after purchasing an additional 1,025 shares in the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Alexander & Baldwin by 46.4% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,516 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 1,114 shares in the last quarter. Federated Hermes Inc. raised its position in shares of Alexander & Baldwin by 88.5% in the 4th quarter. Federated Hermes Inc. now owns 2,641 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,240 shares in the last quarter. Finally, CenterBook Partners LP raised its position in shares of Alexander & Baldwin by 2.1% in the 3rd quarter. CenterBook Partners LP now owns 60,705 shares of the financial services provider’s stock valued at $1,016,000 after purchasing an additional 1,247 shares in the last quarter. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Shares of NYSE ALEX opened at $16.20 on Friday. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $19.99. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.43 and a quick ratio of 0.43. The business’s fifty day moving average price is $16.35 and its two-hundred day moving average price is $16.97. The firm has a market capitalization of $1.18 billion, a PE ratio of 40.50 and a beta of 1.21.

Alexander & Baldwin Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 14th will be given a $0.222 dividend. This represents a $0.89 annualized dividend and a yield of 5.48%. The ex-dividend date of this dividend is Friday, June 14th. Alexander & Baldwin’s dividend payout ratio is presently 222.50%.

Analyst Upgrades and Downgrades

ALEX has been the topic of a number of recent analyst reports. TheStreet lowered Alexander & Baldwin from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Piper Sandler cut their target price on Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $18.50.

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.