Alexander & Baldwin, Inc. (NYSE:ALEX) VP Sells $13,475.00 in Stock

Alexander & Baldwin, Inc. (NYSE:ALEX) VP Meredith J. Ching sold 700 shares of the firm’s stock in a transaction that occurred on Friday, November 15th. The shares were sold at an average price of $19.25, for a total transaction of $13,475.00. Following the completion of the transaction, the vice president now directly owns 149,867 shares of the company’s stock, valued at approximately $2,884,939.75. The trade was a 0.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Alexander & Baldwin Stock Up 1.2 %

Shares of NYSE:ALEX traded up $0.22 during trading on Friday, hitting $19.30. The company’s stock had a trading volume of 245,106 shares, compared to its average volume of 322,295. The company has a market capitalization of $1.40 billion, a PE ratio of 31.13 and a beta of 1.26. Alexander & Baldwin, Inc. has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.35 and a current ratio of 0.35. The stock’s 50-day moving average price is $19.09 and its two-hundred day moving average price is $18.17.

Institutional Trading of Alexander & Baldwin

Hedge funds have recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in Alexander & Baldwin by 103.3% in the third quarter. GAMMA Investing LLC now owns 1,494 shares of the financial services provider’s stock worth $29,000 after purchasing an additional 759 shares during the period. Rothschild Investment LLC acquired a new position in Alexander & Baldwin in the second quarter worth approximately $35,000. Allspring Global Investments Holdings LLC acquired a new position in Alexander & Baldwin during the first quarter valued at approximately $41,000. Mirae Asset Global Investments Co. Ltd. raised its stake in Alexander & Baldwin by 34.8% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,818 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 727 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. increased its stake in Alexander & Baldwin by 19.9% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 3,447 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 572 shares during the period. 91.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ALEX has been the subject of several recent analyst reports. StockNews.com upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Friday. Piper Sandler restated an “overweight” rating and set a $23.00 price target (up previously from $22.00) on shares of Alexander & Baldwin in a research note on Friday, October 25th. Finally, Alliance Global Partners initiated coverage on Alexander & Baldwin in a research note on Thursday, August 8th. They set a “buy” rating and a $22.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $21.67.

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.