State Board of Administration of Florida Retirement System Lowers Holdings in Alexander & Baldwin, Inc. (NYSE:ALEX)

State Board of Administration of Florida Retirement System reduced its position in shares of Alexander & Baldwin, Inc. (NYSE:ALEX – Get Rating) by 22.8% during the 4th quarter, HoldingsChannel reports. The firm owned 32,437 shares of the financial services provider’s stock after selling 9,590 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Alexander & Baldwin were worth $608,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Wipfli Financial Advisors LLC purchased a new position in Alexander & Baldwin during the third quarter valued at approximately $35,000. CKW Financial Group boosted its position in Alexander & Baldwin by 67.0% during the 4th quarter. CKW Financial Group now owns 2,304 shares of the financial services provider’s stock valued at $43,000 after acquiring an additional 924 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Alexander & Baldwin by 116.8% in the 3rd quarter. Tower Research Capital LLC TRC now owns 5,640 shares of the financial services provider’s stock valued at $93,000 after acquiring an additional 3,038 shares during the period. ProShare Advisors LLC bought a new position in shares of Alexander & Baldwin in the 4th quarter worth $214,000. Finally, Keeley Teton Advisors LLC lifted its stake in shares of Alexander & Baldwin by 13.0% during the 3rd quarter. Keeley Teton Advisors LLC now owns 13,000 shares of the financial services provider’s stock worth $216,000 after purchasing an additional 1,500 shares during the last quarter. 85.56% of the stock is owned by institutional investors.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $18.59 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.47. The company has a market cap of $1.35 billion, a PE ratio of -23.83 and a beta of 1.31. Alexander & Baldwin, Inc. has a 12-month low of $15.80 and a 12-month high of $20.97. The business’s fifty day simple moving average is $18.62 and its 200-day simple moving average is $19.10.

Alexander & Baldwin Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 5th. Shareholders of record on Friday, June 16th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 4.73%. The ex-dividend date of this dividend is Thursday, June 15th. Alexander & Baldwin’s dividend payout ratio is presently -112.82%.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on Alexander & Baldwin in a research note on Thursday. They issued a “sell” rating on the stock.

Alexander & Baldwin Profile

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Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.