Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of the stock in a transaction on Wednesday, January 10th. The stock was sold at an average price of $27.45, for a total transaction of $172,935.00. Following the sale, the director now owns 306,258 shares of the company’s stock, valued at approximately $8,406,782.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
Shares of Alexander & Baldwin Holdings, Inc. (ALEX) traded down $0.30 during trading hours on Friday, reaching $27.66. 139,711 shares of the company were exchanged, compared to its average volume of 239,342. The firm has a market cap of $1,375.00, a PE ratio of 74.76 and a beta of 1.45. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.69 and a current ratio of 0.69. Alexander & Baldwin Holdings, Inc. has a 12-month low of $27.27 and a 12-month high of $46.96.
The firm also recently declared a special dividend, which will be paid on Tuesday, January 23rd. Investors of record on Wednesday, November 29th will be paid a dividend of $15.92 per share. The ex-dividend date is Tuesday, November 28th. This is a boost from Alexander & Baldwin’s previous special dividend of $0.04. Alexander & Baldwin’s dividend payout ratio is currently 56.76%.
A number of brokerages recently weighed in on ALEX. BidaskClub upgraded shares of Alexander & Baldwin from a “strong sell” rating to a “sell” rating in a research note on Tuesday, November 14th. TheStreet cut shares of Alexander & Baldwin from a “b-” rating to a “c” rating in a research note on Tuesday, November 28th.
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About Alexander & Baldwin
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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