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

Alexander & Baldwin (NYSE:ALEX) will issue its quarterly earnings data after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Alexander & Baldwin Stock Down 0.3 %

NYSE:ALEX opened at $15.64 on Thursday. The business’s fifty day moving average price is $16.52 and its 200 day moving average price is $16.98. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 39.10 and a beta of 1.21. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. Alexander & Baldwin has a 1-year low of $15.53 and a 1-year high of $19.99.

Alexander & Baldwin Increases Dividend

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

Institutional Investors Weigh In On Alexander & Baldwin

Several institutional investors and hedge funds have recently modified their holdings of the business. Price T Rowe Associates Inc. MD raised its holdings in Alexander & Baldwin by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 18,126 shares of the financial services provider’s stock valued at $345,000 after buying an additional 1,815 shares in the last quarter. Employees Retirement System of Texas raised its stake in shares of Alexander & Baldwin by 61.7% in the 4th quarter. Employees Retirement System of Texas now owns 131,000 shares of the financial services provider’s stock valued at $2,492,000 after acquiring an additional 50,000 shares in the last quarter. Virtus ETF Advisers LLC lifted its holdings in Alexander & Baldwin by 8.0% in the 4th quarter. Virtus ETF Advisers LLC now owns 11,939 shares of the financial services provider’s stock worth $227,000 after purchasing an additional 889 shares during the last quarter. Legal & General Group Plc boosted its position in Alexander & Baldwin by 4.5% during the fourth quarter. Legal & General Group Plc now owns 686,279 shares of the financial services provider’s stock worth $13,053,000 after purchasing an additional 29,684 shares during the period. Finally, Barclays PLC grew its holdings in Alexander & Baldwin by 19.6% during the fourth quarter. Barclays PLC now owns 325,289 shares of the financial services provider’s stock valued at $6,187,000 after purchasing an additional 53,202 shares during the last quarter. Institutional investors and hedge funds own 91.29% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Piper Sandler dropped their price objective on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating on the stock in a research note on Thursday, March 14th. TheStreet lowered Alexander & Baldwin from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Three analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $18.50.

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.