Vert Asset Management LLC Invests $428,000 in Alexander & Baldwin, Inc. (NYSE:ALEX)

Vert Asset Management LLC acquired a new position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) in the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 24,144 shares of the financial services provider’s stock, valued at approximately $428,000.

Other hedge funds have also bought and sold shares of the company. CKW Financial Group raised its position in shares of Alexander & Baldwin by 13.1% in the 4th quarter. CKW Financial Group now owns 18,976 shares of the financial services provider’s stock worth $337,000 after acquiring an additional 2,191 shares in the last quarter. Regency Capital Management Inc. DE increased its holdings in Alexander & Baldwin by 59.6% in the fourth quarter. Regency Capital Management Inc. DE now owns 430,747 shares of the financial services provider’s stock worth $7,641,000 after purchasing an additional 160,928 shares in the last quarter. Inspire Investing LLC increased its holdings in Alexander & Baldwin by 5.1% in the fourth quarter. Inspire Investing LLC now owns 22,583 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 1,096 shares in the last quarter. Janney Montgomery Scott LLC lifted its stake in Alexander & Baldwin by 32.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 39,434 shares of the financial services provider’s stock valued at $700,000 after buying an additional 9,719 shares during the period. Finally, Harbor Capital Advisors Inc. boosted its holdings in shares of Alexander & Baldwin by 3.1% during the 4th quarter. Harbor Capital Advisors Inc. now owns 228,467 shares of the financial services provider’s stock worth $4,053,000 after buying an additional 6,775 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

ALEX opened at $17.88 on Tuesday. Alexander & Baldwin, Inc. has a 1-year low of $15.53 and a 1-year high of $20.30. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 28.83 and a beta of 1.29. The company’s fifty day moving average price is $18.34 and its two-hundred day moving average price is $18.78. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Friday, December 20th were given a $0.2225 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $0.89 annualized dividend and a yield of 4.98%. Alexander & Baldwin’s payout ratio is 145.16%.

Analyst Ratings Changes

Several analysts have recently weighed in on ALEX shares. StockNews.com lowered shares of Alexander & Baldwin from a “buy” rating to a “hold” rating in a research note on Tuesday. Piper Sandler reiterated 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. Finally, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research note on Monday, January 6th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus 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.