Maryland State Retirement & Pension System Has $365,000 Stake in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX)

Maryland State Retirement & Pension System decreased its holdings in Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) by 13.6% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,195 shares of the financial services provider’s stock after selling 3,329 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Alexander & Baldwin were worth $365,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Bank of America Corp DE raised its position in shares of Alexander & Baldwin by 321.2% in the 4th 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 in the last quarter. Northern Trust Corp raised its position in shares of Alexander & Baldwin by 23.5% in the 4th quarter. Northern Trust Corp now owns 1,020,845 shares of the financial services provider’s stock valued at $18,110,000 after buying an additional 194,534 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Alexander & Baldwin by 2,211.5% in the 1st quarter. GAMMA Investing LLC now owns 33,909 shares of the financial services provider’s stock valued at $584,000 after buying an additional 32,442 shares in the last quarter. Diversified Trust Co acquired a new position in shares of Alexander & Baldwin in the 1st quarter valued at approximately $606,000. Finally, D. E. Shaw & Co. Inc. raised its position in shares of Alexander & Baldwin by 692.7% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 161,784 shares of the financial services provider’s stock valued at $2,870,000 after buying an additional 141,376 shares in the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Price Performance

Shares of NYSE:ALEX opened at $18.44 on Friday. The firm has a 50 day moving average of $18.03 and a 200-day moving average of $17.63. The stock has a market capitalization of $1.34 billion, a PE ratio of 17.23, a PEG ratio of 1.64 and a beta of 1.04. 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 12 month low of $15.70 and a 12 month high of $20.11.

Alexander & Baldwin Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 7th. Stockholders of record on Friday, September 12th will be given a $0.225 dividend. The ex-dividend date is Friday, September 12th. This represents a $0.90 annualized dividend and a dividend yield of 4.9%. Alexander & Baldwin’s payout ratio is presently 84.11%.

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.