Exchange Traded Concepts LLC Takes Position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Exchange Traded Concepts LLC acquired a new position in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 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 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its holdings in Alexander & Baldwin by 2.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,013,726 shares of the financial services provider's stock valued at $35,723,000 after buying an additional 43,333 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Alexander & Baldwin by 23.5% in the 4th 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. lifted its holdings in shares of Alexander & Baldwin by 51.0% in 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 during the last quarter. Clearbridge Investments LLC lifted its holdings in Alexander & Baldwin by 0.5% during the 4th quarter. Clearbridge Investments LLC now owns 614,940 shares of the financial services provider's stock worth $10,909,000 after buying an additional 3,210 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Alexander & Baldwin by 3.8% during 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 worth $8,862,000 after buying an additional 18,312 shares in the last quarter. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Price Performance

NYSE:ALEX traded down $0.11 during mid-day trading on Friday, hitting $17.86. 814,512 shares of the company's stock traded hands, compared to its average volume of 398,215. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.31 and a current ratio of 0.31. The firm's 50 day simple moving average is $17.47 and its 200 day simple moving average is $17.61. Alexander & Baldwin Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $20.30. The company has a market cap of $1.30 billion, a PE ratio of 21.01 and a beta of 1.03.

Alexander & Baldwin Dividend Announcement

The firm also recently announced 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. The ex-dividend date is Friday, June 13th. This represents a $0.90 annualized dividend and a yield of 5.04%. Alexander & Baldwin's dividend payout ratio (DPR) is currently 105.88%.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Wall Street Zen downgraded shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th. Piper Sandler raised their target price on shares of Alexander & Baldwin from $23.00 to $24.00 and gave the stock an "overweight" rating in a research note on Friday, February 28th.

Alexander & Baldwin Company 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.