Segall Bryant & Hamill LLC Makes New $1.09 Million Investment in Alexander & Baldwin Holdings, Inc. $ALEX

Segall Bryant & Hamill LLC bought a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 59,797 shares of the financial services provider’s stock, valued at approximately $1,088,000. Segall Bryant & Hamill LLC owned approximately 0.08% of Alexander & Baldwin as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ALEX. Vanguard Group Inc. lifted its holdings in shares of Alexander & Baldwin by 1.1% in the 3rd quarter. Vanguard Group Inc. now owns 11,771,709 shares of the financial services provider’s stock worth $214,127,000 after purchasing an additional 126,357 shares during the last quarter. Franklin Resources Inc. grew its stake in Alexander & Baldwin by 33.1% during the 2nd quarter. Franklin Resources Inc. now owns 2,517,438 shares of the financial services provider’s stock worth $44,886,000 after buying an additional 626,289 shares during the last quarter. JPMorgan Chase & Co. increased its position in Alexander & Baldwin by 21.0% in the second quarter. JPMorgan Chase & Co. now owns 1,515,304 shares of the financial services provider’s stock worth $27,018,000 after buying an additional 263,483 shares during the period. Millennium Management LLC increased its position in Alexander & Baldwin by 81.8% in the first quarter. Millennium Management LLC now owns 737,931 shares of the financial services provider’s stock worth $12,715,000 after buying an additional 331,969 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Alexander & Baldwin by 3.5% in the second quarter. Bank of New York Mellon Corp now owns 663,380 shares of the financial services provider’s stock valued at $11,828,000 after buying an additional 22,735 shares during the last quarter. Institutional investors own 91.29% of the company’s stock.

Analyst Ratings Changes

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

Alexander & Baldwin Price Performance

NYSE ALEX opened at $20.81 on Friday. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.07 and a fifty-two week high of $21.03. The stock’s 50-day moving average is $20.76 and its two-hundred day moving average is $18.78. The firm has a market cap of $1.52 billion, a P/E ratio of 20.60 and a beta of 0.90. The company has a debt-to-equity ratio of 0.50, a current ratio of 0.27 and a quick ratio of 0.38.

Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings results on Thursday, March 12th. The financial services provider reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.21). The business had revenue of $50.99 million during the quarter, compared to analyst estimates of $49.99 million. Alexander & Baldwin had a net margin of 31.29% and a return on equity of 6.43%. On average, analysts anticipate that Alexander & Baldwin Holdings, Inc. will post 1.35 earnings per share for the current fiscal year.

Alexander & Baldwin Increases Dividend

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