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

IFM Investors Pty Ltd lowered its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 20.0% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,690 shares of the financial services provider’s stock after selling 2,931 shares during the period. IFM Investors Pty Ltd’s holdings in Alexander & Baldwin were worth $208,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of America Corp DE boosted its holdings in shares of Alexander & Baldwin by 321.2% during the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider’s stock worth $6,302,000 after purchasing an additional 270,907 shares during the period. HighTower Advisors LLC lifted its stake in Alexander & Baldwin by 39.1% in the first quarter. HighTower Advisors LLC now owns 82,939 shares of the financial services provider’s stock valued at $1,429,000 after acquiring an additional 23,322 shares during the last quarter. GAMMA Investing LLC lifted its stake in Alexander & Baldwin by 2,211.5% in the first quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider’s stock valued at $584,000 after acquiring an additional 32,442 shares during the last quarter. Diversified Trust Co acquired a new stake in Alexander & Baldwin in the first quarter valued at approximately $606,000. Finally, Millennium Management LLC raised its position in shares of Alexander & Baldwin by 86.0% in the fourth quarter. Millennium Management LLC now owns 405,962 shares of the financial services provider’s stock valued at $7,202,000 after purchasing an additional 187,760 shares during the period. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of ALEX opened at $18.30 on Wednesday. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 17.10, a PEG ratio of 1.64 and a beta of 1.07. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $19.97. The company’s fifty day simple moving average is $18.49 and its 200 day simple moving average is $17.81. 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 declared a quarterly dividend, which will be paid on Tuesday, October 7th. Investors of record on Friday, September 12th will be paid a $0.225 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. Alexander & Baldwin’s dividend payout ratio is 84.11%.

Analyst Upgrades and Downgrades

Separately, JMP Securities reaffirmed a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $24.00.

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.