StockNews.com initiated coverage on shares of Alexander & Baldwin (NYSE:ALEX – Get Rating) in a research note issued to investors on Thursday. The brokerage issued a hold rating on the financial services provider’s stock.
Alexander & Baldwin Stock Performance
Shares of NYSE ALEX opened at $17.66 on Thursday. The company has a 50-day simple moving average of $19.16 and a 200-day simple moving average of $18.81. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.44 and a quick ratio of 0.44. The company has a market cap of $1.28 billion, a PE ratio of -24.87 and a beta of 1.30. Alexander & Baldwin has a 12 month low of $15.80 and a 12 month high of $24.02.
Alexander & Baldwin Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 4th. Shareholders of record on Friday, March 17th will be issued a $0.22 dividend. The ex-dividend date of this dividend is Thursday, March 16th. This represents a $0.88 annualized dividend and a yield of 4.98%. Alexander & Baldwin’s dividend payout ratio (DPR) is presently -123.94%.
Institutional Investors Weigh In On Alexander & Baldwin
About Alexander & Baldwin
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.
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