Alexander & Baldwin Holdings, Inc. $ALEX Shares Sold by Vert Asset Management LLC

Vert Asset Management LLC lessened its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 2.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 32,880 shares of the financial services provider’s stock after selling 984 shares during the quarter. Vert Asset Management LLC’s holdings in Alexander & Baldwin were worth $586,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in ALEX. Jones Financial Companies Lllp acquired a new position in shares of Alexander & Baldwin during the first quarter valued at approximately $41,000. Parallel Advisors LLC increased its stake in shares of Alexander & Baldwin by 76.7% during the second quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider’s stock valued at $44,000 after acquiring an additional 1,069 shares during the period. Quarry LP grew its position in Alexander & Baldwin by 32.3% in the first quarter. Quarry LP now owns 4,264 shares of the financial services provider’s stock worth $73,000 after buying an additional 1,042 shares during the last quarter. US Bancorp DE grew its position in Alexander & Baldwin by 468.6% in the first quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock worth $117,000 after buying an additional 5,600 shares during the last quarter. Finally, EP Wealth Advisors LLC acquired a new position in Alexander & Baldwin in the first quarter worth approximately $191,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Trading Down 0.3%

NYSE ALEX opened at $18.13 on Thursday. Alexander & Baldwin Holdings, Inc. has a twelve month low of $15.70 and a twelve month high of $19.97. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.20 and a current ratio of 0.20. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 1.63 and a beta of 1.04. The firm’s 50 day moving average price is $18.53 and its two-hundred day moving average price is $17.82.

Alexander & Baldwin Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 7th. Shareholders of record on Friday, September 12th will be given a dividend of $0.225 per share. This represents a $0.90 annualized dividend and a yield of 5.0%. The ex-dividend date is Friday, September 12th. Alexander & Baldwin’s payout ratio is presently 84.11%.

Analysts Set New Price Targets

Separately, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

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.