Alexander & Baldwin (ALEX) Set to Announce Quarterly Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Alexander & Baldwin to post earnings of $0.33 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Alexander & Baldwin Price Performance

ALEX stock opened at $18.81 on Thursday. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week high of $20.30. The company has a quick ratio of 0.53, a current ratio of 0.53 and a debt-to-equity ratio of 0.47. The stock has a market cap of $1.37 billion, a price-to-earnings ratio of 30.84 and a beta of 1.26. The business has a fifty day moving average of $19.20 and a two-hundred day moving average of $17.73.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, September 20th were issued a dividend of $0.2225 per share. The ex-dividend date was Friday, September 20th. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.73%. Alexander & Baldwin’s dividend payout ratio is currently 145.90%.

Wall Street Analyst Weigh In

ALEX has been the topic of a number of recent analyst reports. Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a research report on Thursday, August 8th. They issued a “buy” rating and a $22.00 target price on the stock. Piper Sandler upgraded shares of Alexander & Baldwin from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $17.00 to $22.00 in a report on Friday, July 26th. One analyst has rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Alexander & Baldwin currently has a consensus rating of “Moderate Buy” and an average target price of $21.33.

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.