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

MQS Management LLC acquired a new stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 47,643 shares of the financial services provider's stock, valued at approximately $821,000. MQS Management LLC owned about 0.07% of Alexander & Baldwin at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in ALEX. Balyasny Asset Management L.P. acquired a new stake in shares of Alexander & Baldwin in the 4th quarter worth $7,722,000. JPMorgan Chase & Co. lifted its stake in Alexander & Baldwin by 51.0% in the fourth quarter. JPMorgan Chase & Co. now owns 880,018 shares of the financial services provider's stock valued at $15,612,000 after buying an additional 297,044 shares during the last quarter. Norges Bank purchased a new stake in Alexander & Baldwin in the fourth quarter valued at approximately $5,236,000. Bank of America Corp DE lifted its stake in Alexander & Baldwin by 321.2% in the fourth quarter. Bank of America Corp DE now owns 355,240 shares of the financial services provider's stock valued at $6,302,000 after buying an additional 270,907 shares during the last quarter. Finally, Northern Trust Corp grew its holdings in Alexander & Baldwin by 23.5% during 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 period. 91.29% of the stock is owned by hedge funds and other institutional investors.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX traded up $0.15 on Wednesday, hitting $17.63. The company had a trading volume of 492,988 shares, compared to its average volume of 399,531. The business has a 50 day moving average of $17.82 and a 200 day moving average of $17.54. Alexander & Baldwin Holdings, Inc. has a 52-week low of $15.70 and a 52-week high of $20.30. The company has a market cap of $1.28 billion, a PE ratio of 20.74 and a beta of 1.01. 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 Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th were given a $0.225 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $0.90 annualized dividend and a dividend yield of 5.10%. Alexander & Baldwin's payout ratio is 105.88%.

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.