Foundry Partners LLC Takes Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Foundry Partners LLC acquired a new position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 18,705 shares of the financial services provider’s stock, valued at approximately $359,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ALEX. Janney Montgomery Scott LLC increased its position in Alexander & Baldwin by 42.9% in the 1st quarter. Janney Montgomery Scott LLC now owns 14,552 shares of the financial services provider’s stock valued at $240,000 after acquiring an additional 4,366 shares during the period. ProShare Advisors LLC raised its position in Alexander & Baldwin by 7.3% during the 1st quarter. ProShare Advisors LLC now owns 14,626 shares of the financial services provider’s stock worth $241,000 after purchasing an additional 1,001 shares during the last quarter. State Board of Administration of Florida Retirement System grew its position in shares of Alexander & Baldwin by 56.6% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 32,437 shares of the financial services provider’s stock valued at $534,000 after buying an additional 11,730 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Alexander & Baldwin by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 11,725,230 shares of the financial services provider’s stock valued at $193,115,000 after buying an additional 71,797 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Alexander & Baldwin by 7.2% in the first quarter. CANADA LIFE ASSURANCE Co now owns 88,033 shares of the financial services provider’s stock valued at $1,449,000 after buying an additional 5,908 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on ALEX shares. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a report on Friday, November 15th. Piper Sandler reiterated an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a research report on Friday, October 25th. Finally, Alliance Global Partners began coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target on the stock. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $21.67.

Alexander & Baldwin Stock Up 0.1 %

Alexander & Baldwin stock opened at $19.34 on Friday. The company has a market capitalization of $1.40 billion, a PE ratio of 31.19 and a beta of 1.26. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30. The firm’s fifty day moving average is $19.09 and its 200 day moving average is $18.25. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.47.

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.