Deutsche Bank AG Reduces Position in Alexander & Baldwin Holdings, Inc. $ALEX

Deutsche Bank AG decreased its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 6.3% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 95,055 shares of the financial services provider’s stock after selling 6,410 shares during the period. Deutsche Bank AG owned 0.13% of Alexander & Baldwin worth $1,638,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. US Bancorp DE grew its position in shares of Alexander & Baldwin by 468.6% in the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 5,600 shares during the period. XTX Topco Ltd purchased a new position in Alexander & Baldwin during the fourth quarter worth about $206,000. PharVision Advisers LLC purchased a new position in Alexander & Baldwin during the fourth quarter worth about $209,000. Tower Research Capital LLC TRC lifted its position in Alexander & Baldwin by 138.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider’s stock worth $234,000 after buying an additional 7,653 shares during the period. Finally, Hancock Whitney Corp purchased a new position in Alexander & Baldwin during the fourth quarter worth about $236,000. Hedge funds and other institutional investors own 91.29% of the company’s stock.

Alexander & Baldwin Stock Performance

NYSE ALEX opened at $19.0160 on Friday. The business’s 50-day moving average price is $18.07 and its 200 day moving average price is $17.66. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.11. The company has a market capitalization of $1.38 billion, a PE ratio of 17.77, a price-to-earnings-growth ratio of 1.66 and a beta of 1.04. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be given a dividend of $0.225 per share. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 4.7%. Alexander & Baldwin’s dividend payout ratio is 84.11%.

Alexander & Baldwin Company Profile

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.