Research Analysts Set Expectations for Alexander & Baldwin, Inc.’s FY2025 Earnings (NYSE:ALEX)

Alexander & Baldwin, Inc. (NYSE:ALEX) – Equities researchers at Sidoti Csr raised their FY2025 earnings estimates for Alexander & Baldwin in a report released on Thursday, April 18th. Sidoti Csr analyst B. Mccarthy now expects that the financial services provider will post earnings per share of $1.26 for the year, up from their previous forecast of $1.25. The consensus estimate for Alexander & Baldwin’s current full-year earnings is $1.01 per share.

A number of other research firms also recently weighed in on ALEX. TheStreet downgraded shares of Alexander & Baldwin from a “b-” rating to a “c+” rating in a research report on Wednesday, February 28th. Piper Sandler decreased their price target on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating for the company in a research report on Thursday, March 14th. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $18.50.

Alexander & Baldwin Stock Up 1.1 %

Shares of NYSE:ALEX opened at $16.30 on Monday. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week high of $19.99. The company has a quick ratio of 0.43, a current ratio of 0.43 and a debt-to-equity ratio of 0.46. The company has a market capitalization of $1.18 billion, a price-to-earnings ratio of 40.75 and a beta of 1.21. The company has a 50 day moving average of $16.43 and a two-hundred day moving average of $16.98.

Alexander & Baldwin Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were given a dividend of $0.2225 per share. The ex-dividend date was Thursday, March 14th. This represents a $0.89 dividend on an annualized basis and a dividend yield of 5.46%. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 222.50%.

Institutional Trading of Alexander & Baldwin

A number of hedge funds have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new position in Alexander & Baldwin during the first quarter worth $41,000. Federated Hermes Inc. lifted its stake in Alexander & Baldwin by 88.5% during the fourth quarter. Federated Hermes Inc. now owns 2,641 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,240 shares during the last quarter. Quadrant Capital Group LLC lifted its stake in Alexander & Baldwin by 171.6% during the fourth quarter. Quadrant Capital Group LLC now owns 3,533 shares of the financial services provider’s stock worth $67,000 after purchasing an additional 2,232 shares during the last quarter. Van ECK Associates Corp lifted its stake in Alexander & Baldwin by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 10,165 shares of the financial services provider’s stock worth $193,000 after purchasing an additional 1,672 shares during the last quarter. Finally, Everett Harris & Co. CA bought a new position in Alexander & Baldwin during the fourth quarter worth $195,000. Institutional investors and hedge funds own 91.29% of the company’s stock.

Alexander & Baldwin Company Profile

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.