MQS Management LLC Invests $821,000 in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

MQS Management LLC bought a new position in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 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 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ALEX. Charles Schwab Investment Management Inc. raised its holdings in Alexander & Baldwin by 2.2% during the 4th 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 acquiring an additional 43,333 shares during the period. M&T Bank Corp increased its holdings in shares of Alexander & Baldwin by 23.9% in the fourth quarter. M&T Bank Corp now owns 16,927 shares of the financial services provider's stock worth $300,000 after purchasing an additional 3,266 shares during the period. Proficio Capital Partners LLC bought a new position in shares of Alexander & Baldwin in the fourth quarter worth $421,000. Raymond James Financial Inc. bought a new position in shares of Alexander & Baldwin in the fourth quarter worth $272,000. Finally, Amundi increased its holdings in shares of Alexander & Baldwin by 43.6% in the fourth quarter. Amundi now owns 73,365 shares of the financial services provider's stock worth $1,270,000 after purchasing an additional 22,287 shares during the period. Hedge funds and other institutional investors own 91.29% of the company's stock.

Alexander & Baldwin Stock Down 0.1%

Shares of ALEX traded down $0.01 on Friday, hitting $17.84. 359,156 shares of the stock traded hands, compared to its average volume of 398,838. The company has a market capitalization of $1.30 billion, a PE ratio of 20.99 and a beta of 1.01. 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 business has a 50 day simple moving average of $17.80 and a 200 day simple moving average of $17.54. Alexander & Baldwin Holdings, Inc. has a one year low of $15.70 and a one year high of $20.30.

Alexander & Baldwin Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 13th were paid a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a dividend yield of 5.04%. The ex-dividend date was Friday, June 13th. Alexander & Baldwin's dividend payout ratio is presently 105.88%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen lowered shares of Alexander & Baldwin from a "buy" rating to a "hold" rating in a research report on Sunday, March 16th.

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.