Shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $28.45 and last traded at $28.85, with a volume of 232900 shares trading hands. The stock had previously closed at $28.65.

ALEX has been the topic of a number of analyst reports. BidaskClub upgraded Alexander & Baldwin from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. TheStreet cut Alexander & Baldwin from a “b-” rating to a “c” rating in a research report on Tuesday, November 28th.

The company has a debt-to-equity ratio of 0.51, a current ratio of 0.69 and a quick ratio of 0.69. The company has a market cap of $1,408.93, a PE ratio of 29.24 and a beta of 1.45.

The firm also recently announced a special dividend, which will be paid on Tuesday, January 23rd. Investors of record on Wednesday, November 29th will be given a dividend of $15.92 per share. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. The ex-dividend date of this dividend is Tuesday, November 28th. Alexander & Baldwin’s payout ratio is presently 75.68%.

In related news, Director Stanley M. Kuriyama sold 4,250 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $46.67, for a total transaction of $198,347.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.60% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its holdings in shares of Alexander & Baldwin by 6.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,719,145 shares of the financial services provider’s stock worth $112,519,000 after purchasing an additional 153,728 shares in the last quarter. State Street Corp boosted its holdings in shares of Alexander & Baldwin by 4.9% in the 2nd quarter. State Street Corp now owns 1,511,869 shares of the financial services provider’s stock worth $62,565,000 after purchasing an additional 69,981 shares in the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Alexander & Baldwin by 0.6% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 1,109,867 shares of the financial services provider’s stock worth $51,420,000 after purchasing an additional 7,014 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in shares of Alexander & Baldwin by 2.0% in the 2nd quarter. Macquarie Group Ltd. now owns 910,584 shares of the financial services provider’s stock worth $37,680,000 after purchasing an additional 17,828 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Alexander & Baldwin by 2.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 593,836 shares of the financial services provider’s stock worth $24,572,000 after purchasing an additional 15,399 shares in the last quarter. Hedge funds and other institutional investors own 78.17% of the company’s stock.

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Alexander & Baldwin Company Profile

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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