Q3 2024 EPS Estimates for Alexander & Baldwin, Inc. (NYSE:ALEX) Reduced by Analyst

Alexander & Baldwin, Inc. (NYSE:ALEX) – Stock analysts at Sidoti Csr decreased their Q3 2024 EPS estimates for shares of Alexander & Baldwin in a note issued to investors on Friday, April 26th. Sidoti Csr analyst B. Mccarthy now expects that the financial services provider will earn $0.25 per share for the quarter, down from their prior forecast of $0.27. The consensus estimate for Alexander & Baldwin’s current full-year earnings is $1.11 per share. Sidoti Csr also issued estimates for Alexander & Baldwin’s Q1 2025 earnings at $0.31 EPS and Q2 2025 earnings at $0.30 EPS.

A number of other research firms also recently weighed in on ALEX. TheStreet downgraded Alexander & Baldwin from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Piper Sandler decreased 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 note on Thursday, March 14th. 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.com, Alexander & Baldwin presently has an average rating of “Hold” and an average price target of $18.50.

Alexander & Baldwin Price Performance

NYSE:ALEX opened at $16.19 on Monday. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week high of $19.99. The company has a market cap of $1.18 billion, a P/E ratio of 26.54 and a beta of 1.21. The company has a debt-to-equity ratio of 0.46, a quick ratio of 0.43 and a current ratio of 0.43. The stock’s 50-day simple moving average is $16.35 and its 200 day simple moving average is $16.97.

Alexander & Baldwin Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 8th. Shareholders of record on Friday, June 14th will be given a dividend of $0.222 per share. This represents a $0.89 dividend on an annualized basis and a yield of 5.48%. The ex-dividend date is Friday, June 14th. Alexander & Baldwin’s dividend payout ratio (DPR) is presently 145.90%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the business. New York State Teachers Retirement System boosted its position in Alexander & Baldwin by 0.9% during the first quarter. New York State Teachers Retirement System now owns 141,890 shares of the financial services provider’s stock worth $2,337,000 after purchasing an additional 1,200 shares during the period. Everett Harris & Co. CA lifted its stake in shares of Alexander & Baldwin by 489.7% during the 1st quarter. Everett Harris & Co. CA now owns 60,475 shares of the financial services provider’s stock worth $996,000 after buying an additional 50,220 shares during the last quarter. Allspring Global Investments Holdings LLC bought a new stake in shares of Alexander & Baldwin during the 1st quarter worth about $41,000. Quadrature Capital Ltd acquired a new position in Alexander & Baldwin in the 4th quarter valued at about $379,000. Finally, Isthmus Partners LLC bought a new position in Alexander & Baldwin in the 4th quarter valued at about $1,176,000. 91.29% of the stock is currently owned by institutional investors.

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.