Alexander & Baldwin (ALEX) Scheduled to Post Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) will be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Alexander & Baldwin Price Performance

Alexander & Baldwin stock opened at $15.64 on Thursday. The stock has a market cap of $1.14 billion, a P/E ratio of 39.10 and a beta of 1.21. 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’s 50 day moving average price is $16.52 and its two-hundred day moving average price is $16.98. Alexander & Baldwin has a 52 week low of $15.53 and a 52 week high of $19.99.

Alexander & Baldwin Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a yield of 5.69%. The ex-dividend date was Thursday, March 14th. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s dividend payout ratio is 222.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ALEX. Piper Sandler reduced their target price 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. TheStreet downgraded Alexander & Baldwin from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Three equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $18.50.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Lazard Asset Management LLC bought a new stake in shares of Alexander & Baldwin during the 3rd quarter valued at $31,000. Tower Research Capital LLC TRC grew its holdings in Alexander & Baldwin by 500.0% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,752 shares of the financial services provider’s stock valued at $33,000 after buying an additional 1,460 shares in the last quarter. State of Wyoming increased its position in shares of Alexander & Baldwin by 132.9% during the fourth quarter. State of Wyoming now owns 6,156 shares of the financial services provider’s stock valued at $115,000 after buying an additional 3,513 shares during the period. Engineers Gate Manager LP purchased a new stake in shares of Alexander & Baldwin in the fourth quarter worth about $189,000. Finally, Graham Capital Management L.P. bought a new position in shares of Alexander & Baldwin in the third quarter valued at approximately $201,000. 91.29% of the stock is owned by institutional investors.

About Alexander & Baldwin

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.