Teacher Retirement System of Texas Has $585,000 Stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Teacher Retirement System of Texas cut its stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 17.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,945 shares of the financial services provider’s stock after selling 6,962 shares during the quarter. Teacher Retirement System of Texas’ holdings in Alexander & Baldwin were worth $585,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ALEX. Balyasny Asset Management L.P. acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at approximately $7,722,000. JPMorgan Chase & Co. boosted its holdings in shares of Alexander & Baldwin by 51.0% during the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider’s stock worth $15,612,000 after acquiring an additional 297,044 shares during the period. Norges Bank bought a new position in shares of Alexander & Baldwin during the fourth quarter worth approximately $5,236,000. Bank of America Corp DE boosted its stake in Alexander & Baldwin by 321.2% in the 4th quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider’s stock valued at $6,302,000 after purchasing an additional 270,907 shares during the period. Finally, Northern Trust Corp grew its holdings in Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock valued at $18,110,000 after buying an additional 194,534 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Stock Performance

ALEX opened at $17.47 on Wednesday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.31 and a current ratio of 0.31. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.30. The firm has a market cap of $1.27 billion, a P/E ratio of 20.55 and a beta of 1.01. The business’s fifty day moving average is $17.82 and its 200-day moving average is $17.54.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 13th were given a $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a yield of 5.15%. The ex-dividend date of this dividend was Friday, June 13th. Alexander & Baldwin’s payout ratio is 105.88%.

About Alexander & Baldwin

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.