NYSE:ALEX

Alexander & Baldwin (ALEX) Stock Price, News & Analysis

$15.83
-0.17 (-1.06%)
(As of 04/25/2024 ET)
Today's Range
$15.79
$15.95
50-Day Range
$15.64
$17.50
52-Week Range
$15.53
$19.99
Volume
231,566 shs
Average Volume
314,200 shs
Market Capitalization
$1.15 billion
P/E Ratio
39.58
Dividend Yield
5.62%
Price Target
$18.50

Alexander & Baldwin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
16.9% Upside
$18.50 Price Target
Short Interest
Healthy
0.63% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.08mentions of Alexander & Baldwin in the last 14 days
Based on 22 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
10.89%
From $1.01 to $1.12 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.84 out of 5 stars

Finance Sector

477th out of 859 stocks

Real Estate Investment Trusts Industry

103rd out of 181 stocks

ALEX stock logo

About Alexander & Baldwin Stock (NYSE:ALEX)

Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets. A&B is expanding and strengthening its CRE portfolio and achieving its strategic focus on commercial real estate in Hawai'i. Over its 154-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

ALEX Stock Price History

ALEX Stock News Headlines

Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
Alexander & Baldwin Inc.
Better than Bitcoin? The Biotech Stock with 46,751% Potential
4x Better than Bitcoin Bitcoin would have to go from $68,000 to $314,000 to match the 463% gains we saw with Immunogen in December.
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See More Headlines
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Company Calendar

Last Earnings
7/28/2022
Ex-Dividend for 4/5 Dividend
3/14/2024
Dividend Payable
4/05/2024
Today
4/25/2024
Next Earnings (Confirmed)
4/25/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Sector
Finance
Industry
Real estate investment trusts
Sub-Industry
Diversified Real Estate Activities
CUSIP
01449110
Employees
101
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$18.50
High Stock Price Target
$20.00
Low Stock Price Target
$17.00
Potential Upside/Downside
+16.6%
Consensus Rating
Hold
Rating Score (0-4)
2.33
Research Coverage
3 Analysts

Profitability

Net Income
$29.80 million
Pretax Margin
19.53%

Debt

Sales & Book Value

Annual Sales
$208.90 million
Cash Flow
$1.00 per share
Book Value
$13.83 per share

Miscellaneous

Free Float
72,084,000
Market Cap
$1.15 billion
Optionable
Optionable
Beta
1.21
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ALEX Stock Analysis - Frequently Asked Questions

Should I buy or sell Alexander & Baldwin stock right now?

3 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Alexander & Baldwin in the last year. There are currently 2 hold ratings and 1 buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" ALEX shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALEX, but not buy additional shares or sell existing shares.
View ALEX analyst ratings
or view top-rated stocks.

What is Alexander & Baldwin's stock price target for 2024?

3 brokerages have issued 12-month target prices for Alexander & Baldwin's shares. Their ALEX share price targets range from $17.00 to $20.00. On average, they predict the company's share price to reach $18.50 in the next twelve months. This suggests a possible upside of 16.9% from the stock's current price.
View analysts price targets for ALEX
or view top-rated stocks among Wall Street analysts.

How have ALEX shares performed in 2024?

Alexander & Baldwin's stock was trading at $19.02 at the beginning of 2024. Since then, ALEX shares have decreased by 16.8% and is now trading at $15.83.
View the best growth stocks for 2024 here
.

Are investors shorting Alexander & Baldwin?

Alexander & Baldwin saw a increase in short interest during the month of April. As of April 15th, there was short interest totaling 447,800 shares, an increase of 6.6% from the March 31st total of 419,900 shares. Based on an average trading volume of 323,700 shares, the short-interest ratio is currently 1.4 days. Currently, 0.6% of the shares of the stock are sold short.
View Alexander & Baldwin's Short Interest
.

When is Alexander & Baldwin's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, April 25th 2024.
View our ALEX earnings forecast
.

How were Alexander & Baldwin's earnings last quarter?

Alexander & Baldwin, Inc. (NYSE:ALEX) issued its quarterly earnings results on Thursday, July, 28th. The financial services provider reported ($0.20) EPS for the quarter, beating analysts' consensus estimates of ($0.86) by $0.66. Alexander & Baldwin had a trailing twelve-month return on equity of 3.69% and a net margin of 14.27%. During the same period in the prior year, the company posted $0.25 EPS.

How often does Alexander & Baldwin pay dividends? What is the dividend yield for Alexander & Baldwin?

Alexander & Baldwin announced a quarterly dividend on Wednesday, February 28th. Stockholders of record on Friday, March 15th will be given a dividend of $0.2225 per share on Friday, April 5th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.62%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from the stock's previous quarterly dividend of $0.22.
Read our dividend analysis for ALEX
.

Is Alexander & Baldwin a good dividend stock?

Alexander & Baldwin (NYSE:ALEX) pays an annual dividend of $0.89 per share and currently has a dividend yield of 5.46%. ALEX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 222.50%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALEX will have a dividend payout ratio of 79.46% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALEX.

What ETFs hold Alexander & Baldwin's stock?

ETFs with the largest weight of Alexander & Baldwin (NYSE:ALEX) stock in their portfolio include Harbor Small Cap Explorer ETF (QWST) and Invesco S&P SmallCap Low Volatility ETF (XSLV).ETFB Green SRI REITs ETF (RITA).

What guidance has Alexander & Baldwin issued on next quarter's earnings?

Alexander & Baldwin issued an update on its FY 2024 earnings guidance on Thursday, April, 25th. The company provided earnings per share guidance of 0.890-1.000 for the period, compared to the consensus estimate of 1.020. The company issued revenue guidance of -.

What is Christopher Benjamin's approval rating as Alexander & Baldwin's CEO?

1 employees have rated Alexander & Baldwin Chief Executive Officer Christopher Benjamin on Glassdoor.com. Christopher Benjamin has an approval rating of 100% among the company's employees. This puts Christopher Benjamin in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

What other stocks do shareholders of Alexander & Baldwin own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Alexander & Baldwin investors own include Alibaba Group (BABA), B&G Foods (BGS), KeyCorp (KEY), Micron Technology (MU), Broadcom (AVGO), Boeing (BA), Bank of America (BAC), Consolidated Edison (ED), Freeport-McMoRan (FCX) and Matson (MATX).

Who are Alexander & Baldwin's major shareholders?

Alexander & Baldwin's stock is owned by a variety of institutional and retail investors. Top institutional investors include Reinhart Partners LLC. (3.37%), First Hawaiian Bank (0.13%), Sumitomo Mitsui Trust Holdings Inc. (0.11%), Everett Harris & Co. CA (0.08%) and Allspring Global Investments Holdings LLC (0.00%).
View institutional ownership trends
.

How do I buy shares of Alexander & Baldwin?

Shares of ALEX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

This page (NYSE:ALEX) was last updated on 4/25/2024 by MarketBeat.com Staff

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