NYSE:ALEX

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

$16.00
-0.30 (-1.84%)
(As of 04:10 PM ET)
Today's Range
$15.98
$16.14
50-Day Range
$15.64
$17.50
52-Week Range
$15.53
$19.99
Volume
311,626 shs
Average Volume
313,973 shs
Market Capitalization
$1.16 billion
P/E Ratio
40.00
Dividend Yield
5.56%
Price Target
$18.50

Alexander & Baldwin MarketRank™ Stock Analysis

Analyst Rating
Hold
2.33 Rating Score
Upside/​Downside
15.6% Upside
$18.50 Price Target
Short Interest
Healthy
0.59% of Float Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
-0.07mentions of Alexander & Baldwin in the last 14 days
Based on 20 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.

3.16 out of 5 stars

Finance Sector

448th out of 855 stocks

Real Estate Investment Trusts Industry

97th out of 180 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

Alexander & Baldwin Inc.
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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
4/24/2024
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
+15.3%
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
$1.02 per share
Book Value
$13.83 per share

Miscellaneous

Free Float
72,084,000
Market Cap
$1.16 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 research analysts have issued "buy," "hold," and "sell" ratings for Alexander & Baldwin in the last twelve months. There are currently 2 hold ratings and 1 buy 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 target for 2024?

3 brokerages have issued 12-month price objectives for Alexander & Baldwin's stock. Their ALEX share price targets range from $17.00 to $20.00. On average, they predict the company's stock price to reach $18.50 in the next twelve months. This suggests a possible upside of 15.6% 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 on January 1st, 2024. Since then, ALEX stock has decreased by 15.9% and is now trading at $16.00.
View the best growth stocks for 2024 here
.

Are investors shorting Alexander & Baldwin?

Alexander & Baldwin saw a decline in short interest in March. As of March 31st, there was short interest totaling 419,900 shares, a decline of 28.2% from the March 15th total of 584,700 shares. Based on an average daily volume of 314,400 shares, the short-interest ratio is presently 1.3 days. Currently, 0.6% of the shares of the company 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, April 25th 2024.
View our ALEX earnings forecast
.

How can I listen to Alexander & Baldwin's earnings call?

Alexander & Baldwin will be holding an earnings conference call on Thursday, April 25th at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

How were Alexander & Baldwin's earnings last quarter?

Alexander & Baldwin, Inc. (NYSE:ALEX) released its quarterly earnings data on Thursday, July, 28th. The financial services provider reported ($0.20) earnings per share for the quarter, beating the consensus estimate 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 quarter in the previous year, the company earned $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 Wednesday, February 28th. Investors 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 annualized dividend and a dividend yield of 5.56%. The ex-dividend date 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 5.52%. 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 Wednesday, February, 28th. The company provided earnings per share guidance of 0.800-0.900 for the period, compared to the consensus earnings per share estimate of 1.170. 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 shareholders 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 4/24/2024 by MarketBeat.com Staff

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