NYSE:ALEX

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

$19.01

+0.60 (+3.26%)

(As of 06/2/2023 ET)

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Today's Range: $18.59
▼
$19.06
50-Day Range: $17.77
▼
$19.57
52-Week Range: $15.80
▼
$20.83

Volume: 253,824 shs
Average Volume: 185,929 shs
Market Capitalization: $1.38 billion

P/E Ratio: N/A
Dividend Yield: 4.63%
Price Target: $20.00

Alexander & Baldwin MarketRank™ Forecast

Analyst Rating: Hold
2.00 Rating Score
Upside/Downside: 5.2% Upside
$20.00 Price Target
Short Interest: Healthy
1.26% of Float Sold Short
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.24
Based on 8 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: 5.56%
From $1.08 to $1.14 Per Share

Overall MarketRank^™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.60 out of 5 stars

Finance Sector

798th out of 871 stocks

Real Estate Investment Trusts Industry

176th out of 192 stocks

1.0

Analyst's Opinion

Consensus Rating
Alexander & Baldwin has received a consensus rating of Hold. The company's average rating score is 2.00, and is based on no buy ratings, 1 hold rating, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $20.00, Alexander & Baldwin has a forecasted upside of 5.2% from its current price of $19.01.
Amount of Analyst Coverage
Alexander & Baldwin has received no research coverage in the past 90 days.

5.0

Short Interest

Percentage of Shares Shorted
1.26% of the float of Alexander & Baldwin has been sold short.
Short Interest Ratio / Days to Cover
Alexander & Baldwin has a short interest ratio ("days to cover") of 3.8, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Alexander & Baldwin has recently decreased by 10.36%, indicating that investor sentiment is improving significantly.

1.7

Dividend Strength

Dividend Leadership
Alexander & Baldwin is a leading dividend payer. It pays a dividend yield of 4.63%, putting its dividend yield in the top 25% of dividend-paying stocks.
Dividend Growth
Alexander & Baldwin has only been increasing its dividend for 2 years.
Dividend Sustainability
Based on EPS estimates, Alexander & Baldwin will have a dividend payout ratio of 77.19% in the coming year. This indicates that Alexander & Baldwin may not be able to sustain their current dividend.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for ALEX.

1.8

News and Social Media Coverage

News Sentiment
Alexander & Baldwin has a news sentiment score of 0.24. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Finance companies.
News Coverage This Week
MarketBeat has tracked 8 news articles for Alexander & Baldwin this week, compared to 4 articles on an average week.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Alexander & Baldwin insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 1.10% of the stock of Alexander & Baldwin is held by insiders.
Percentage Held by Institutions
85.56% of the stock of Alexander & Baldwin is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.6

Earnings and Valuation

Earnings Growth
Earnings for Alexander & Baldwin are expected to grow by 5.56% in the coming year, from $1.08 to $1.14 per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Alexander & Baldwin is -24.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Alexander & Baldwin is -24.37, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Alexander & Baldwin has a P/B Ratio of 1.35. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

See Top Rated MarketRank™ Stocks Here

About Alexander & Baldwin (NYSE:ALEX) Stock

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. The Land Operations segment consists of legacy assets and landholdings that are subject to the company's simplification and monetization effort. The Materials and Construction segment deals with asphalt paving contractor and natural materials and infrastructure construction services. The company was founded by Samuel Thomas Alexander and Henry Perrine Baldwin on 1870 and is headquartered in Honolulu, HI.

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ALEX Stock News Headlines

June 2, 2023 | msn.com

Judge approves Alec Baldwin's settlement agreement with Halyna Hutchins' family

June 1, 2023 | finance.yahoo.com

Alexander & Baldwin to Participate in Nareit's REITweek: 2023 Investor Conference

June 4, 2023 | Legacy Research (Affiliate) (Ad)

Sell Every Stock, Except ONE (Ticker Revealed)

We saw one of the longest bull markets in history, with the S&P surging well over 800% But now the chickens have come home to roost. However, Jeff Clark couldn’t care less because he ignores almost every single stock in the market.

June 1, 2023 | americanbankingnews.com

Rayonier (NYSE:RYN) vs. Alexander & Baldwin (NYSE:ALEX) Head to Head Review

May 31, 2023 | msn.com

Alec Baldwin Undergoes Hip Replacement Surgery

May 31, 2023 | bizjournals.com

Alexander & Baldwin acquires Kapolei industrial property for $9.48M

May 29, 2023 | msn.com

Sentencing delaying in Gulf Coast Walmart arsons case; Employees testify

May 29, 2023 | msn.com

Warriors land Creighton's Trey Alexander with No. 19 pick in CBS Sports 2023 mock draft

June 4, 2023 | Behind the Markets (Ad)

The single greatest medical breakthrough of all time?

We are on the cusp of a medical breakthrough. And soon, this single breakthrough could lead to the cure of over 6,000 genetic diseases, including Alzheimer's, heart disease, and even cancer! This reminds me of Amgen, where early investors made as much as 46,751% when they released their revolutionary drug to the market.

May 26, 2023 | msn.com

Sentencing delaying in Walmart arson case; Walmart employees testify

May 26, 2023 | bizjournals.com

A&B promotes Jeff Pauker to executive vice president, chief investment officer

May 24, 2023 | finance.yahoo.com

ALEXANDER & BALDWIN PROMOTES JEFF PAUKER TO EXECUTIVE VICE PRESIDENT AND CHIEF INVESTMENT OFFICER

May 22, 2023 | seekingalpha.com

Alexander & Baldwin: Positive On Unchanged Guidance And Long-Term Drivers

May 19, 2023 | news.yahoo.com

Alec Baldwin, father of 8, becomes first-time grandfather

May 19, 2023 | americanbankingnews.com

Alexander & Baldwin (NYSE:ALEX) Earns Sell Rating from Analysts at StockNews.com

May 18, 2023 | sports.yahoo.com

Licking Heights High School releases 2022-23 third quarter honor roll

May 16, 2023 | uk.news.yahoo.com

Alec Baldwin not 'absolved of criminal culpability' despite dropping of charges

May 16, 2023 | news.yahoo.com

Alec Baldwin accused of being ‘tone-deaf’ after he posts photo marking last day of filming Rust

May 15, 2023 | finance.yahoo.com

Those who invested in Alexander & Baldwin (NYSE:ALEX) three years ago are up 84%

May 9, 2023 | americanbankingnews.com

Alexander & Baldwin (NYSE:ALEX) Lowered to Sell at StockNews.com

May 7, 2023 | news.yahoo.com

A&B's leased occupancy strong, net income falls

May 5, 2023 | finance.yahoo.com

Tejon Ranch Co. Names New Chief Financial Officer

May 4, 2023 | msn.com

Alexander & Baldwin GAAP EPS of $0.07, revenue of $50.4M

May 4, 2023 | finance.yahoo.com

Alexander & Baldwin Holdings, Inc. (ALEX) Q1 FFO Surpass Estimates

May 3, 2023 | finance.yahoo.com

Are Finance Stocks Lagging Alexander & Baldwin Holdings (ALEX) This Year?

May 3, 2023 | americanbankingnews.com

Alexander & Baldwin (ALEX) to Release Earnings on Thursday

May 3, 2023 | americanbankingnews.com

Short Interest in Alexander & Baldwin, Inc. (NYSE:ALEX) Expands By 10.1%

See More Headlines

ALEX Price History

30 days | 90 days | 365 days | Advanced Chart

ALEX Company Calendar

Last Earnings: 7/28/2022
Ex-Dividend for 4/4 Dividend: 3/16/2023
Dividend Payable: 4/04/2023
Today: 6/04/2023
Ex-Dividend for 7/5 Dividend: 6/15/2023
Dividend Payable: 7/05/2023
Next Earnings (Estimated): 7/27/2023
Fiscal Year End: 12/31/2023

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Industry, Sector and Symbol

Stock Exchange: NYSE
Industry: Real estate investment trusts
Sub-Industry: Diversified Real Estate Activities
Sector: Finance
Current Symbol: NYSE:ALEX
CUSIP: 01449110
CIK: 1545654
Web: www.alexanderbaldwin.com
Phone: (808) 525-6611
Fax: 808-525-6652
Employees: 611
Year Founded: N/A

Price Target and Rating

Average Stock Price Forecast: $20.00
High Stock Price Forecast: $20.00
Low Stock Price Forecast: $20.00
Forecasted Upside/Downside: +5.2%
Consensus Rating: Hold
Rating Score (0-4): 2.00
Research Coverage: 1 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($0.78)
Trailing P/E Ratio: N/A
Forward P/E Ratio: 17.60
P/E Growth: N/A
Net Income: $-50,600,000.00
Net Margins: -18.24%
Pretax Margin: 6.10%
Return on Equity: 3.36%
Return on Assets: 2.00%

Debt

Debt-to-Equity Ratio: 0.47
Current Ratio: 0.28
Quick Ratio: 0.28

Sales & Book Value

Annual Sales: $230.50 million
Price / Sales: 5.99
Cash Flow: $1.02 per share
Price / Cash Flow: 18.64
Book Value: $14.05 per share
Price / Book: 1.35

Miscellaneous

Outstanding Shares: 72,590,000
Free Float: 71,795,000
Market Cap: $1.38 billion
Optionable: Optionable
Beta: 1.32

Key Executives

Christopher J. Benjamin
Chief Executive Officer & Director

Lance K. Parker
President & Chief Operating Officer

Clayton K. Y. Chun
Chief Financial Officer, Treasurer & Executive VP

Jerrod Schreck
Executive Vice President

Scott Morita
Vice President & Corporate Counsel

Key Competitors

View All Competitors

Institutional Ownership

View All Institutional Transactions

ALEX Stock - Frequently Asked Questions

Should I buy or sell Alexander & Baldwin stock right now?: 1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alexander & Baldwin in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street 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 forecast for 2023?: 1 equities research analysts have issued 1 year price objectives for Alexander & Baldwin's shares. Their ALEX share price forecasts range from $20.00 to $20.00. On average, they predict the company's share price to reach $20.00 in the next twelve months. This suggests a possible upside of 5.2% 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 2023?: Alexander & Baldwin's stock was trading at $18.73 at the beginning of 2023. Since then, ALEX stock has increased by 1.5% and is now trading at $19.01.
View the best growth stocks for 2023 here.
Are investors shorting Alexander & Baldwin?: Alexander & Baldwin saw a decrease in short interest during the month of May. As of May 15th, there was short interest totaling 905,400 shares, a decrease of 10.4% from the April 30th total of 1,010,000 shares. Based on an average daily trading volume, of 239,000 shares, the days-to-cover ratio is currently 3.8 days. Approximately 1.3% of the company's stock are short sold.
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, July 27th 2023.
View our ALEX earnings forecast.
How were Alexander & Baldwin's earnings last quarter?: Alexander & Baldwin, Inc. (NYSE:ALEX) issued its earnings results on Thursday, July, 28th. The financial services provider reported ($0.20) EPS for the quarter, topping the consensus estimate of ($0.86) by $0.66. Alexander & Baldwin had a positive trailing twelve-month return on equity of 3.36% and a negative net margin of 18.24%. During the same quarter in the previous year, the firm posted $0.25 earnings per share.
How often does Alexander & Baldwin pay dividends? What is the dividend yield for Alexander & Baldwin?: Alexander & Baldwin announced a quarterly dividend on Tuesday, April 25th. Stockholders of record on Friday, June 16th will be paid a dividend of $0.22 per share on Wednesday, July 5th. This represents a $0.88 annualized dividend and a dividend yield of 4.63%. The ex-dividend date is Thursday, June 15th.
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 Virtus Real Asset Income ETF (VRAI), Invesco S&P SmallCap Low Volatility ETF (XSLV), Invesco S&P SmallCap Financials ETF (PSCF), ETFB Green SRI REITs ETF (RITA), iShares S&P Small-Cap 600 Value ETF (IJS), SPDR S&P 600 Small CapValue ETF (SLYV), Vanguard S&P Small-Cap 600 Value ETF (VIOV) and U.S. Diversified Real Estate ETF (PPTY).

Is Alexander & Baldwin a good dividend stock?: Alexander & Baldwin (NYSE:ALEX) pays an annual dividend of $0.88 per share and currently has a dividend yield of 4.63%. ALEX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer.
Read our dividend analysis for ALEX.
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).
What is Alexander & Baldwin's stock symbol?: Alexander & Baldwin trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALEX."
Who are Alexander & Baldwin's major shareholders?: Alexander & Baldwin's stock is owned by many different institutional and retail investors. Top institutional investors include BlackRock Inc. (18.88%), State Street Corp (5.75%), Franklin Resources Inc. (4.59%), Reinhart Partners Inc. (3.01%), Wellington Management Group LLP (2.26%) and Geode Capital Management LLC (2.14%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.
What is Alexander & Baldwin's stock price today?: One share of ALEX stock can currently be purchased for approximately $19.01.
How much money does Alexander & Baldwin make?: Alexander & Baldwin (NYSE:ALEX) has a market capitalization of $1.38 billion and generates $230.50 million in revenue each year. The financial services provider earns $-50,600,000.00 in net income (profit) each year or ($0.78) on an earnings per share basis.
How many employees does Alexander & Baldwin have?: The company employs 611 workers across the globe.
How can I contact Alexander & Baldwin?: Alexander & Baldwin's mailing address is 822 BISHOP STREET P.O. BOX 3440, HONOLULU HI, 96801. The official website for the company is www.alexanderbaldwin.com. The financial services provider can be reached via phone at (808) 525-6611, via email at kkan@abhi.com, or via fax at 808-525-6652.

This page (NYSE:ALEX) was last updated on 6/4/2023 by MarketBeat.com Staff

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