Short Interest in Alexander & Baldwin, Inc. (NYSE:ALEX) Increases By 5.4%

Alexander & Baldwin, Inc. (NYSE:ALEX – Get Rating) was the target of a significant growth in short interest in February. As of February 28th, there was short interest totalling 919,500 shares, a growth of 5.4% from the February 13th total of 872,200 shares. Based on an average daily trading volume, of 209,300 shares, the days-to-cover ratio is currently 4.4 days. Currently, 1.3% of the company’s shares are sold short.

Analyst Upgrades and Downgrades

Separately, StockNews.com began coverage on Alexander & Baldwin in a research note on Thursday. They issued a “hold” rating for the company.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of ALEX. Norges Bank acquired a new position in Alexander & Baldwin during the 4th quarter worth $11,959,000. Goldman Sachs Group Inc. grew its stake in Alexander & Baldwin by 196.7% during the 2nd quarter. Goldman Sachs Group Inc. now owns 794,748 shares of the financial services provider’s stock worth $14,266,000 after purchasing an additional 526,872 shares in the last quarter. State Street Corp grew its stake in Alexander & Baldwin by 14.5% during the 1st quarter. State Street Corp now owns 4,026,802 shares of the financial services provider’s stock worth $94,133,000 after purchasing an additional 508,580 shares in the last quarter. Mesirow Institutional Investment Management Inc. acquired a new position in Alexander & Baldwin during the 3rd quarter worth $8,295,000. Finally, Franklin Resources Inc. grew its stake in Alexander & Baldwin by 16.2% during the 4th quarter. Franklin Resources Inc. now owns 3,156,813 shares of the financial services provider’s stock worth $59,127,000 after purchasing an additional 440,056 shares in the last quarter. 85.56% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Trading Down 1.3 %

Shares of NYSE ALEX opened at $17.66 on Friday. Alexander & Baldwin has a twelve month low of $15.80 and a twelve month high of $24.02. The company has a current ratio of 0.44, a quick ratio of 0.44 and a debt-to-equity ratio of 0.46. The stock has a fifty day simple moving average of $19.16 and a 200-day simple moving average of $18.81. The stock has a market capitalization of $1.28 billion, a PE ratio of -24.87 and a beta of 1.30.

Alexander & Baldwin Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 4th. Investors of record on Friday, March 17th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.88 annualized dividend and a yield of 4.98%. Alexander & Baldwin’s payout ratio is -123.94%.

Alexander & Baldwin Company Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.