Cerity Partners LLC Makes New Investment in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Key Points

• Cerity Partners LLC has acquired 16,255 shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX), valued at approximately $280,000, signifying increased institutional interest in the company.
• Other institutions, including **Prudential Financial Inc.** and **JPMorgan Chase & Co.**, have also boosted their holdings, with hedge funds and institutional investors owning 91.29% of the company's stock.
• Alexander & Baldwin announced a quarterly dividend of $0.225 per share, amounting to an annualized dividend of $0.90, reflecting a yield of 4.89% and a payout ratio of 84.11%.

Cerity Partners LLC purchased a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 16,255 shares of the financial services provider's stock, valued at approximately $280,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ALEX. XTX Topco Ltd acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $206,000. PharVision Advisers LLC acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $209,000. Tower Research Capital LLC TRC increased its position in shares of Alexander & Baldwin by 138.7% in the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock valued at $234,000 after acquiring an additional 7,653 shares during the last quarter. Hancock Whitney Corp acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $236,000. Finally, Raymond James Financial Inc. acquired a new stake in shares of Alexander & Baldwin in the fourth quarter valued at about $272,000. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Stock Down 1.1%

Shares of NYSE:ALEX traded down $0.19 during midday trading on Thursday, reaching $17.95. The company had a trading volume of 48,424 shares, compared to its average volume of 434,104. The company has a quick ratio of 0.31, a current ratio of 0.20 and a debt-to-equity ratio of 0.44. The business's 50 day moving average price is $17.91 and its 200 day moving average price is $17.58. The stock has a market cap of $1.31 billion, a PE ratio of 16.79 and a beta of 1.01. Alexander & Baldwin Holdings, Inc. has a 1-year low of $15.70 and a 1-year high of $20.14.

Alexander & Baldwin Dividend Announcement

The business 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 $0.225 dividend. This represents a $0.90 dividend on an annualized basis and a dividend yield of 5.02%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin's dividend payout ratio 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.