Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Shares Acquired by LDR Capital Management LLC

LDR Capital Management LLC lifted its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 23.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 138,534 shares of the financial services provider's stock after purchasing an additional 26,690 shares during the quarter. Alexander & Baldwin comprises 2.9% of LDR Capital Management LLC's portfolio, making the stock its 17th largest position. LDR Capital Management LLC owned approximately 0.19% of Alexander & Baldwin worth $2,387,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. North Star Investment Management Corp. increased its position in Alexander & Baldwin by 3.9% in the 1st quarter. North Star Investment Management Corp. now owns 53,000 shares of the financial services provider's stock valued at $913,000 after acquiring an additional 2,000 shares during the period. Exchange Traded Concepts LLC acquired a new stake in Alexander & Baldwin in the 1st quarter valued at approximately $769,000. Handelsbanken Fonder AB increased its position in Alexander & Baldwin by 13.8% in the 1st quarter. Handelsbanken Fonder AB now owns 22,303 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 2,700 shares during the period. Vert Asset Management LLC increased its position in Alexander & Baldwin by 40.3% in the 1st quarter. Vert Asset Management LLC now owns 33,864 shares of the financial services provider's stock valued at $583,000 after acquiring an additional 9,720 shares during the period. Finally, GAMMA Investing LLC boosted its stake in Alexander & Baldwin by 2,211.5% during the 1st quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider's stock valued at $584,000 after purchasing an additional 32,442 shares in the last quarter. 91.29% of the stock is currently owned by institutional investors and hedge funds.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $17.95 on Wednesday. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.45. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The business has a fifty day simple moving average of $17.37 and a 200 day simple moving average of $17.64. The firm has a market cap of $1.30 billion, a price-to-earnings ratio of 21.12 and a beta of 1.03.

Alexander & Baldwin Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Shareholders of record on Friday, June 13th will be issued a dividend of $0.225 per share. This represents a $0.90 dividend on an annualized basis and a yield of 5.01%. The ex-dividend date of this dividend is Friday, June 13th. Alexander & Baldwin's payout ratio is 105.88%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on ALEX shares. Wall Street Zen lowered Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th. Piper Sandler increased their price target on Alexander & Baldwin from $23.00 to $24.00 and gave the company an "overweight" rating in a research note on Friday, February 28th.

Alexander & Baldwin 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.

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