Alexander & Baldwin Holdings, Inc. $ALEX Shares Sold by IFM Investors Pty Ltd

IFM Investors Pty Ltd decreased its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 13.4% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,621 shares of the financial services provider’s stock after selling 2,261 shares during the quarter. IFM Investors Pty Ltd’s holdings in Alexander & Baldwin were worth $252,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Bank of America Corp DE increased its position in shares of 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 acquiring an additional 270,907 shares during the period. D. E. Shaw & Co. Inc. increased its position in shares of Alexander & Baldwin by 692.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,784 shares of the financial services provider’s stock valued at $2,870,000 after acquiring an additional 141,376 shares during the period. Deutsche Bank AG increased its position in shares of Alexander & Baldwin by 30.7% in the 4th quarter. Deutsche Bank AG now owns 101,465 shares of the financial services provider’s stock valued at $1,800,000 after acquiring an additional 23,805 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Alexander & Baldwin by 3.6% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 41,388 shares of the financial services provider’s stock valued at $734,000 after acquiring an additional 1,440 shares during the period. Finally, Millennium Management LLC increased its position in shares of Alexander & Baldwin by 86.0% in the 4th quarter. Millennium Management LLC now owns 405,962 shares of the financial services provider’s stock valued at $7,202,000 after acquiring an additional 187,760 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $24.00.

Alexander & Baldwin Price Performance

Shares of ALEX opened at $18.44 on Friday. The business’s 50-day moving average is $18.40 and its two-hundred day moving average is $17.78. The company has a market capitalization of $1.34 billion, a P/E ratio of 17.24, a P/E/G ratio of 1.69 and a beta of 1.07. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. Alexander & Baldwin Holdings, Inc. has a fifty-two week low of $15.70 and a fifty-two week high of $20.11.

Alexander & Baldwin Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 4.9%. The ex-dividend date of this dividend is Friday, September 12th. Alexander & Baldwin’s dividend payout ratio (DPR) is currently 84.11%.

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.