BidaskClub lowered shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) from a buy rating to a hold rating in a research note issued to investors on Monday.

Alexander & Baldwin Holdings (NYSE:ALEX) opened at 44.92 on Monday. The firm has a market capitalization of $2.21 billion, a P/E ratio of 228.02 and a beta of 1.44. Alexander & Baldwin Holdings has a one year low of $36.98 and a one year high of $46.87. The company’s 50-day moving average is $43.41 and its 200-day moving average is $42.98.

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The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 7th. Shareholders of record on Monday, August 7th were paid a dividend of $0.07 per share. This represents a $0.28 annualized dividend and a yield of 0.62%. The ex-dividend date was Thursday, August 3rd. Alexander & Baldwin Holdings’s dividend payout ratio (DPR) is presently 133.33%.

In other Alexander & Baldwin Holdings news, Director Stanley M. Kuriyama sold 4,250 shares of the firm’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $43.45, for a total transaction of $184,662.50. Following the transaction, the director now directly owns 255,883 shares in the company, valued at approximately $11,118,116.35. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders have sold 12,750 shares of company stock worth $547,825. Company insiders own 7.60% of the company’s stock.

A number of large investors have recently modified their holdings of ALEX. Oregon Public Employees Retirement Fund lifted its stake in Alexander & Baldwin Holdings by 1.3% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 16,156 shares of the financial services provider’s stock valued at $719,000 after acquiring an additional 200 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in Alexander & Baldwin Holdings by 3.6% during the 1st quarter. Great West Life Assurance Co. Can now owns 25,994 shares of the financial services provider’s stock valued at $1,156,000 after acquiring an additional 911 shares in the last quarter. State Treasurer State of Michigan lifted its stake in Alexander & Baldwin Holdings by 1.1% during the 1st quarter. State Treasurer State of Michigan now owns 18,720 shares of the financial services provider’s stock valued at $833,000 after acquiring an additional 200 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Alexander & Baldwin Holdings by 4.6% during the 1st quarter. Bank of New York Mellon Corp now owns 578,437 shares of the financial services provider’s stock valued at $25,752,000 after acquiring an additional 25,695 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of Alexander & Baldwin Holdings by 186.4% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,282 shares of the financial services provider’s stock worth $235,000 after purchasing an additional 3,438 shares during the period. Institutional investors and hedge funds own 74.17% of the company’s stock.

About Alexander & Baldwin Holdings

Alexander & Baldwin, Inc (A&B) is a real estate company. The Company operates through three segments: Commercial Real Estate, Land Operations, and Materials and Construction. In addition to its 15 retail centers in Hawaii, the Company owned seven industrial assets, seven office properties and a portfolio of urban ground leases comprising 106 acres in Hawaii, as of December 31, 2016.

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