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

Vert Asset Management LLC lowered its stake in shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 2.9% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 32,880 shares of the financial services provider’s stock after selling 984 shares during the period. Vert Asset Management LLC’s holdings in Alexander & Baldwin were worth $586,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Jones Financial Companies Lllp acquired a new stake in shares of Alexander & Baldwin during the 1st quarter valued at $41,000. Parallel Advisors LLC boosted its stake in shares of Alexander & Baldwin by 76.7% during the 2nd quarter. Parallel Advisors LLC now owns 2,462 shares of the financial services provider’s stock valued at $44,000 after buying an additional 1,069 shares during the period. Quarry LP boosted its stake in shares of Alexander & Baldwin by 32.3% during the 1st quarter. Quarry LP now owns 4,264 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,042 shares during the period. US Bancorp DE boosted its stake in shares of Alexander & Baldwin by 468.6% during the 1st quarter. US Bancorp DE now owns 6,795 shares of the financial services provider’s stock valued at $117,000 after buying an additional 5,600 shares during the period. Finally, EP Wealth Advisors LLC acquired a new stake in shares of Alexander & Baldwin during the 1st quarter valued at $191,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Stock Down 0.3%

ALEX stock opened at $18.13 on Thursday. 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 Holdings, Inc. has a 1 year low of $15.70 and a 1 year high of $19.97. The company has a fifty day simple moving average of $18.53 and a 200 day simple moving average of $17.82. The firm has a market cap of $1.32 billion, a PE ratio of 16.95, a PEG ratio of 1.63 and a beta of 1.04.

Alexander & Baldwin Announces Dividend

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

Analysts Set New Price Targets

Separately, JMP Securities reissued a “market perform” rating on shares of Alexander & Baldwin in a research note on Tuesday, September 2nd. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Alexander & Baldwin presently has an average rating of “Moderate Buy” and a consensus price target of $24.00.

About Alexander & Baldwin

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.