Alexander & Baldwin Holdings, Inc. $ALEX is Regency Capital Management Inc. DE's 6th Largest Position

Key Points

• Regency Capital Management Inc. DE has reduced its holdings in Alexander & Baldwin Holdings, Inc. by 3.7%, making it the 6th largest position in their portfolio, representing 4.7% of their investments.
• The company has recently announced a quarterly dividend of $0.225 per share, with a yield of 5.2%, highlighting its ongoing commitment to returning value to shareholders.
• Analysts rated ALEX with a consensus of "Moderate Buy" and an average target price of $24.00, reflecting positive sentiment regarding the stock's potential performance.

Regency Capital Management Inc. DE reduced its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 504,794 shares of the financial services provider's stock after selling 19,510 shares during the quarter. Alexander & Baldwin comprises 4.7% of Regency Capital Management Inc. DE's investment portfolio, making the stock its 6th biggest position. Regency Capital Management Inc. DE owned about 0.69% of Alexander & Baldwin worth $9,000,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Jones Financial Companies Lllp purchased a new position in Alexander & Baldwin in the 1st quarter valued at approximately $41,000. Parallel Advisors LLC boosted its holdings in shares of Alexander & Baldwin by 76.7% in the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider's stock worth $44,000 after acquiring an additional 1,069 shares during the period. Quarry LP grew its position in shares of Alexander & Baldwin by 32.3% in the first quarter. Quarry LP now owns 4,264 shares of the financial services provider's stock valued at $73,000 after purchasing an additional 1,042 shares in the last quarter. US Bancorp DE raised its stake in shares of Alexander & Baldwin by 468.6% during the 1st 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. Finally, EP Wealth Advisors LLC purchased a new stake in Alexander & Baldwin during the 1st quarter worth about $191,000. 91.29% of the stock is owned by institutional investors.

Analyst Ratings Changes

ALEX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Alexander & Baldwin in a report on Saturday, September 27th. JMP Securities reaffirmed a "market perform" rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $24.00.

Alexander & Baldwin Stock Performance

NYSE:ALEX opened at $17.41 on Tuesday. The stock has a market cap of $1.27 billion, a P/E ratio of 16.27, a PEG ratio of 1.59 and a beta of 1.04. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The business's 50-day moving average price is $18.50 and its two-hundred day moving average price is $17.83. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $19.97.

Alexander & Baldwin Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a yield of 5.2%. Alexander & Baldwin's payout ratio is presently 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.

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