Rock Point Advisors LLC Decreases Stock Position in Alexander & Baldwin, Inc. (NYSE:ALEX)

Rock Point Advisors LLC lessened its stake in shares of Alexander & Baldwin, Inc. (NYSE:ALEX) by 2.3% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 211,290 shares of the financial services provider’s stock after selling 4,920 shares during the period. Rock Point Advisors LLC owned 0.29% of Alexander & Baldwin worth $4,057,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in shares of Alexander & Baldwin by 103.3% in the 3rd quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 759 shares during the last quarter. Rothschild Investment LLC bought a new stake in shares of Alexander & Baldwin in the 2nd quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Alexander & Baldwin by 34.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 727 shares during the period. KBC Group NV increased its position in shares of Alexander & Baldwin by 53.6% during the 3rd quarter. KBC Group NV now owns 3,835 shares of the financial services provider’s stock valued at $74,000 after purchasing an additional 1,338 shares during the last quarter. Finally, Quarry LP raised its holdings in Alexander & Baldwin by 577.4% during the 2nd quarter. Quarry LP now owns 5,047 shares of the financial services provider’s stock valued at $86,000 after buying an additional 4,302 shares during the period. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. StockNews.com raised shares of Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Monday. Alliance Global Partners began coverage on Alexander & Baldwin in a research report on Thursday, August 8th. They set a “buy” rating and a $22.00 target price for the company. Finally, Piper Sandler reissued an “overweight” rating and set a $23.00 price target (up from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. 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 has a consensus rating of “Moderate Buy” and a consensus price target of $21.67.

Alexander & Baldwin Trading Up 0.9 %

Shares of NYSE:ALEX traded up $0.18 during trading on Tuesday, reaching $19.62. 32,613 shares of the company were exchanged, compared to its average volume of 320,570. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.35 and a quick ratio of 0.35. The firm has a market capitalization of $1.43 billion, a PE ratio of 31.36 and a beta of 1.26. The business’s fifty day simple moving average is $19.07 and its 200-day simple moving average is $18.31. Alexander & Baldwin, Inc. has a 12-month low of $15.53 and a 12-month high of $20.30.

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.