Alexander & Baldwin Holdings, Inc. $ALEX Shares Bought by HighTower Advisors LLC

Key Points

• HighTower Advisors LLC increased its stake in Alexander & Baldwin Holdings by 39.1%, acquiring an additional 23,322 shares in the first quarter, bringing its total ownership to 82,939 shares.
• Alexander & Baldwin announced a quarterly dividend of $0.225, yielding 4.7% annually, with an ex-dividend date set for September 12th.
• Over 91.29% of Alexander & Baldwin's shares are currently held by institutional investors, highlighting significant investor confidence in the company.

HighTower Advisors LLC increased its holdings in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) by 39.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 82,939 shares of the financial services provider's stock after acquiring an additional 23,322 shares during the quarter. HighTower Advisors LLC owned approximately 0.11% of Alexander & Baldwin worth $1,429,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ALEX. US Bancorp DE raised its stake in Alexander & Baldwin by 468.6% during the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider's stock worth $117,000 after acquiring an additional 5,600 shares during the period. XTX Topco Ltd acquired a new stake in Alexander & Baldwin during the fourth quarter worth about $206,000. PharVision Advisers LLC acquired a new stake in Alexander & Baldwin during the fourth quarter worth about $209,000. Tower Research Capital LLC TRC raised its stake in Alexander & Baldwin by 138.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 13,169 shares of the financial services provider's stock worth $234,000 after acquiring an additional 7,653 shares during the period. Finally, Hancock Whitney Corp acquired a new stake in Alexander & Baldwin during the fourth quarter worth about $236,000. Institutional investors and hedge funds own 91.29% of the company's stock.

Alexander & Baldwin Stock Performance

ALEX traded up $0.03 on Friday, hitting $19.36. 316,088 shares of the company's stock were exchanged, compared to its average volume of 323,354. The stock has a fifty day moving average of $18.20 and a two-hundred day moving average of $17.71. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $20.11. The firm has a market cap of $1.41 billion, a PE ratio of 18.09, a P/E/G ratio of 1.73 and a beta of 1.04. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44.

Alexander & Baldwin Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be paid a $0.225 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.6%. Alexander & Baldwin's dividend payout ratio (DPR) is presently 84.11%.

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.