Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) has received an average “Hold” recommendation from five analysts, with a 12-month average price target of $20.95. The company recently increased its quarterly dividend to $0.35, resulting in an annualized dividend of $1.40 and a 6.7% yield, though the payout ratio is elevated at 138.61%. Institutional investors hold a significant portion of the stock, with several funds increasing their positions.
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Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Receives Average Recommendation of "Hold" from Analysts
Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) has received an average “Hold” recommendation from five analysts, with a 12-month average price target of $20.95. The company recently increased its quarterly dividend to $0.35, resulting in an annualized dividend of $1.40 and a 6.7% yield, though the payout ratio is elevated at 138.61%. Institutional investors hold a significant portion of the stock, with several funds increasing their positions.