Alexander & Baldwin Inc Reit Holdin (NYSE:ALEX)’s Stock Is Buy After Less Market Selling

June 17, 2018 - By Winifred Garcia

Alexander & Baldwin, Inc. (NYSE:ALEX) Logo

Investors sentiment increased to 6.28 in 2018 Q1. Its up 5.35, from 0.93 in 2017Q4. It increased, as 9 investors sold Alexander & Baldwin, Inc. shares while 16 reduced holdings. 37 funds opened positions while 120 raised stakes. 101.73 million shares or 165.64% more from 38.29 million shares in 2017Q4 were reported.
200 are owned by Grp One Trading Ltd Partnership. Geode Cap Mgmt Limited Co accumulated 609,198 shares. Legal And General Gp Plc has 0% invested in Alexander & Baldwin, Inc. (NYSE:ALEX) for 69,118 shares. West Oak Cap Ltd invested in 1,420 shares. Point72 Asia (Hong Kong) stated it has 7,948 shares. Holt Cap Advsr Limited Liability Dba Holt Cap Partners L P reported 0.13% in Alexander & Baldwin, Inc. (NYSE:ALEX). Stifel Fincl Corp has invested 0% in Alexander & Baldwin, Inc. (NYSE:ALEX). Bank & Trust Of Mellon reported 0.01% stake. Parametric Portfolio Associate Ltd holds 0% or 122,265 shares. Deutsche Bancshares Ag holds 0% or 148,303 shares in its portfolio. Nuveen Asset Mgmt Limited Liability Company owns 800,899 shares. Stevens First Principles Invest Advsrs owns 90,027 shares. Jpmorgan Chase reported 0% of its portfolio in Alexander & Baldwin, Inc. (NYSE:ALEX). 47,611 were accumulated by Td Asset Management Inc. Ellington Management Group Limited Liability Co stated it has 0.03% in Alexander & Baldwin, Inc. (NYSE:ALEX).

Since January 10, 2018, it had 0 insider purchases, and 7 selling transactions for $1.11 million activity. Shares for $238,518 were sold by Hulihee David C on Friday, May 11.

The stock of Alexander & Baldwin Inc Reit Holdin (NYSE:ALEX) registered a decrease of 4.84% in short interest. ALEX’s total short interest was 913,500 shares in June as published by FINRA. Its down 4.84% from 960,000 shares, reported previously. With 228,000 shares average volume, it will take short sellers 4 days to cover their ALEX’s short positions. The short interest to Alexander & Baldwin Inc Reit Holdin’s float is 1.98%.

The stock increased 2.48% or $0.52 during the last trading session, reaching $21.53. About 892,562 shares traded or 187.23% up from the average. Alexander & Baldwin, Inc. (NYSE:ALEX) has declined 18.77% since June 17, 2017 and is downtrending. It has underperformed by 31.34% the S&P500.

Alexander & Baldwin, Inc. engages in the real estate, and materials and construction businesses in Hawaii. The company has market cap of $1.55 billion. It operates in three divisions: Commercial Real Estate; Land Operations; and Materials and Construction. It has a 4.66 P/E ratio. The Commercial Real Estate segment owns, develops, operates, and manages retail, industrial, and office properties in Hawaii and on the Mainland, as well as leases urban land in Hawaii to third-party lessees.

More recent Alexander & Baldwin, Inc. (NYSE:ALEX) news were published by: Bizjournals.com which released: “A&B launching sales for luxury Kahala condo project, prices start at $9M: Slideshow” on May 31, 2018. Also Gurufocus.com published the news titled: “Cheap Stocks in a Cheap Sector” on June 13, 2018. Prnewswire.com‘s news article titled: “Alexander & Baldwin to Present at REITWeek® 2018” with publication date: May 30, 2018 was also an interesting one.

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