Exchange Traded Concepts LLC Acquires Shares of 44,605 Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Exchange Traded Concepts LLC purchased a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 44,605 shares of the financial services provider's stock, valued at approximately $769,000. Exchange Traded Concepts LLC owned 0.06% of Alexander & Baldwin as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the business. Charles Schwab Investment Management Inc. grew its position in shares of Alexander & Baldwin by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock worth $35,723,000 after buying an additional 43,333 shares in the last quarter. Northern Trust Corp lifted its stake in Alexander & Baldwin by 23.5% in the fourth quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider's stock worth $18,110,000 after acquiring an additional 194,534 shares during the last quarter. JPMorgan Chase & Co. grew its holdings in Alexander & Baldwin by 51.0% during the 4th quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock worth $15,612,000 after acquiring an additional 297,044 shares in the last quarter. Clearbridge Investments LLC increased its position in shares of Alexander & Baldwin by 0.5% in the 4th quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock valued at $10,909,000 after purchasing an additional 3,210 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Alexander & Baldwin by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 499,565 shares of the financial services provider's stock valued at $8,862,000 after purchasing an additional 18,312 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Stock Performance

Shares of ALEX stock traded down $0.26 during trading hours on Tuesday, hitting $17.90. The stock had a trading volume of 324,518 shares, compared to its average volume of 397,572. The company has a debt-to-equity ratio of 0.45, a current ratio of 0.31 and a quick ratio of 0.31. The firm has a market capitalization of $1.30 billion, a PE ratio of 21.06 and a beta of 1.03. The stock's 50 day moving average is $17.51 and its 200 day moving average is $17.58. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.30.

Alexander & Baldwin Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 9th. Investors 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 dividend yield of 5.03%. The ex-dividend date is Friday, June 13th. Alexander & Baldwin's dividend payout ratio is currently 105.88%.

Analyst Ratings Changes

ALEX has been the subject of several recent analyst reports. Piper Sandler lifted their price objective on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research report on Friday, February 28th. Wall Street Zen cut Alexander & Baldwin from a "buy" rating to a "hold" rating in a research note on Sunday, March 16th.

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.