State Street Corp Amends Alexander & Baldwin REIT Stake
Ticker: ALEX · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 1545654
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, REIT, passive-investment
Related Tickers: ALEX
TL;DR
**State Street Corp still holds a significant, passive stake in Alexander & Baldwin as of year-end 2023.**
AI Summary
State Street Corp, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Alexander & Baldwin Inc. (NYSE: ALEX) REIT shares as of December 31, 2023. This filing updates their previous disclosure, showing their continued significant, but passive, investment in the Hawaiian real estate company. For investors, this means a large institutional player maintains a stake, which can signal confidence in the stock's long-term value, but doesn't suggest any immediate strategic changes.
Why It Matters
This filing confirms State Street Corp's ongoing passive investment in Alexander & Baldwin, Inc., providing transparency into institutional ownership and potentially influencing investor sentiment.
Risk Assessment
Risk Level: low — This is a routine update from a passive institutional investor and does not indicate any immediate risk or change in company operations.
Analyst Insight
Investors should note that a major institutional investor like State Street Corp maintains a position in Alexander & Baldwin, Inc., which can be a positive signal for stability, but this filing alone doesn't suggest any immediate buy/sell action as it's a passive update.
Key Players & Entities
- State Street Corp (company) — the entity filing the SC 13G/A
- Alexander & Baldwin, Inc. (company) — the subject company whose shares are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 30, 2024 (date) — the filing date of the SC 13G/A
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G filing, indicating a change or update to previously reported beneficial ownership of securities.
Who is the 'subject company' in this filing?
The subject company, whose shares are being reported, is Alexander & Baldwin, Inc. (CIK: 0001545654), a Real Estate Investment Trust (REIT).
Who is the 'filed by' entity in this document?
The entity that filed this document is State Street Corp (CIK: 0000093751), a State Commercial Bank based in Boston, MA.
What is the CUSIP number for the securities mentioned?
The CUSIP number for the class of securities (REIT) of Alexander & Baldwin Inc. is 014491104.
What was the 'date of event' that triggered this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding Alexander & Baldwin, Inc. (ALEX).