GSA Capital Partners LLP Sells 52,273 Shares of Alexander & Baldwin Holdings, Inc. $ALEX

GSA Capital Partners LLP cut its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 52.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,086 shares of the financial services provider’s stock after selling 52,273 shares during the quarter. GSA Capital Partners LLP owned about 0.06% of Alexander & Baldwin worth $856,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in ALEX. 1620 Investment Advisors Inc. raised its holdings in Alexander & Baldwin by 3.0% in the third quarter. 1620 Investment Advisors Inc. now owns 21,850 shares of the financial services provider’s stock worth $397,000 after purchasing an additional 637 shares in the last quarter. Amalgamated Bank boosted its position in shares of Alexander & Baldwin by 3.3% in the 3rd quarter. Amalgamated Bank now owns 21,401 shares of the financial services provider’s stock worth $389,000 after purchasing an additional 682 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in Alexander & Baldwin by 3.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 25,974 shares of the financial services provider’s stock worth $463,000 after buying an additional 884 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Alexander & Baldwin by 2.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 37,613 shares of the financial services provider’s stock valued at $671,000 after buying an additional 911 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its holdings in Alexander & Baldwin by 2.5% in the third quarter. Illinois Municipal Retirement Fund now owns 39,085 shares of the financial services provider’s stock worth $711,000 after acquiring an additional 938 shares in the last quarter. Institutional investors own 91.29% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ALEX. Weiss Ratings raised shares of Alexander & Baldwin from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, January 30th. Alliance Global Partners downgraded Alexander & Baldwin from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. iA Financial set a $20.85 target price on Alexander & Baldwin in a report on Wednesday, December 10th. Piper Sandler lowered shares of Alexander & Baldwin from an “overweight” rating to a “neutral” rating and set a $21.00 price target for the company. in a research report on Tuesday, December 9th. Finally, Janney Montgomery Scott downgraded shares of Alexander & Baldwin from a “buy” rating to a “neutral” rating and set a $21.00 price objective on the stock. in a report on Wednesday, December 10th. One analyst has rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.95.

Alexander & Baldwin Stock Up 0.1%

Shares of ALEX stock opened at $20.80 on Friday. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.07 and a twelve month high of $21.03. The stock has a market cap of $1.51 billion, a P/E ratio of 20.59 and a beta of 0.92. The stock has a 50 day moving average of $20.75 and a 200 day moving average of $18.60. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.47.

Alexander & Baldwin Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 8th. Stockholders of record on Friday, December 19th were given a dividend of $0.35 per share. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.23. The ex-dividend date was Friday, December 19th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 6.7%. Alexander & Baldwin’s payout ratio is 138.61%.

Alexander & Baldwin Company Profile

Founded in 1870 by Samuel T. Alexander and Henry P. Baldwin as a sugarcane plantation on Maui, Alexander & Baldwin, Inc (NYSE: ALEX) today operates as a Hawai‘i-focused real estate investment trust headquartered in Honolulu. The company transitioned from its agricultural origins into a diversified real estate owner, operator and developer, completing its conversion to a REIT structure in late 2019 to align its corporate governance with its core property portfolio.

Alexander & Baldwin’s commercial real estate arm spans office, retail, industrial and hospitality properties across the four major Hawaiian Islands.