Foundry Partners LLC Acquires Shares of 18,705 Alexander & Baldwin, Inc. (NYSE:ALEX)

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

Other large investors also recently modified their holdings of the company. Janney Montgomery Scott LLC raised its holdings in Alexander & Baldwin by 42.9% during the first quarter. Janney Montgomery Scott LLC now owns 14,552 shares of the financial services provider’s stock worth $240,000 after buying an additional 4,366 shares during the last quarter. ProShare Advisors LLC increased its position in shares of Alexander & Baldwin by 7.3% during the first quarter. ProShare Advisors LLC now owns 14,626 shares of the financial services provider’s stock worth $241,000 after acquiring an additional 1,001 shares in the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Alexander & Baldwin by 56.6% during the first quarter. State Board of Administration of Florida Retirement System now owns 32,437 shares of the financial services provider’s stock worth $534,000 after acquiring an additional 11,730 shares in the last quarter. Vanguard Group Inc. raised its holdings 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 worth $193,115,000 after acquiring an additional 71,797 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co lifted its position in Alexander & Baldwin by 7.2% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 88,033 shares of the financial services provider’s stock valued at $1,449,000 after acquiring an additional 5,908 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors.

Alexander & Baldwin Trading Up 0.1 %

NYSE:ALEX opened at $19.34 on Friday. Alexander & Baldwin, Inc. has a 52 week low of $15.53 and a 52 week high of $20.30. The firm has a 50-day moving average price of $19.09 and a two-hundred day moving average price of $18.25. 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 firm has a market cap of $1.40 billion, a price-to-earnings ratio of 31.19 and a beta of 1.26.

Analyst Upgrades and Downgrades

ALEX has been the subject of a number of recent research reports. Piper Sandler reissued an “overweight” rating and set a $23.00 price objective (up from $22.00) on shares of Alexander & Baldwin in a report on Friday, October 25th. Alliance Global Partners started coverage on Alexander & Baldwin in a report on Thursday, August 8th. They set a “buy” rating and a $22.00 price target for the company. Finally, StockNews.com raised Alexander & Baldwin from a “hold” rating to a “buy” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target 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.