Alexander & Baldwin, Inc. (NYSE:ALEX) Short Interest Up 5.2% in June

Alexander & Baldwin, Inc. (NYSE:ALEX) was the target of a significant growth in short interest in the month of June. As of June 30th, there was short interest totalling 656,200 shares, a growth of 5.2% from the June 15th total of 623,700 shares. Approximately 0.9% of the company’s stock are short sold. Based on an average daily trading volume, of 286,500 shares, the short-interest ratio is presently 2.3 days.

Institutional Investors Weigh In On Alexander & Baldwin

Institutional investors and hedge funds have recently bought and sold shares of the business. Central Pacific Bank Trust Division bought a new position in shares of Alexander & Baldwin during the 1st quarter worth $32,000. Allspring Global Investments Holdings LLC acquired a new position in Alexander & Baldwin in the 1st quarter worth approximately $41,000. Federated Hermes Inc. raised its holdings in shares of Alexander & Baldwin by 88.5% during the fourth quarter. Federated Hermes Inc. now owns 2,641 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,240 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in shares of Alexander & Baldwin by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,533 shares of the financial services provider’s stock worth $67,000 after buying an additional 2,232 shares during the last quarter. Finally, EntryPoint Capital LLC acquired a new stake in shares of Alexander & Baldwin during the 1st quarter worth approximately $108,000. 91.29% of the stock is owned by institutional investors.

Alexander & Baldwin Stock Up 0.6 %

Shares of Alexander & Baldwin stock traded up $0.10 during midday trading on Wednesday, hitting $18.09. The company had a trading volume of 160,375 shares, compared to its average volume of 306,553. The company has a 50 day moving average of $16.76 and a 200 day moving average of $16.86. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.38 and a current ratio of 0.38. The stock has a market capitalization of $1.31 billion, a P/E ratio of 29.49 and a beta of 1.26. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week high of $19.99.

Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.28 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.03. The firm had revenue of $61.20 million during the quarter, compared to analyst estimates of $51.55 million. Alexander & Baldwin had a net margin of 20.25% and a return on equity of 4.76%. During the same period in the previous year, the business posted $0.29 earnings per share. On average, equities analysts predict that Alexander & Baldwin will post 1.15 earnings per share for the current fiscal year.

Alexander & Baldwin Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 8th. Investors of record on Friday, June 14th were paid a dividend of $0.222 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.91%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 145.90%.

Alexander & Baldwin Company 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.