FY2025 EPS Estimates for Alexander & Baldwin, Inc. Lifted by Analyst (NYSE:ALEX)

Alexander & Baldwin, Inc. (NYSE:ALEX) – Research analysts at Sidoti Csr raised their FY2025 earnings per share (EPS) estimates for shares of Alexander & Baldwin in a research report issued on Thursday, April 18th. Sidoti Csr analyst B. Mccarthy now forecasts that the financial services provider will post earnings of $1.26 per share 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.

ALEX has been the subject of several other research reports. Piper Sandler reduced their price target on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating for the company in a report on Thursday, March 14th. TheStreet lowered shares of Alexander & Baldwin from a “b-” rating to a “c+” rating in a research note on Wednesday, February 28th. Three investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $18.50.

Alexander & Baldwin Price Performance

Shares of ALEX opened at $16.13 on Monday. 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 firm has a market capitalization of $1.17 billion, a PE ratio of 40.33 and a beta of 1.21. The stock has a 50 day simple moving average of $16.45 and a 200 day simple moving average of $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. Stockholders of record on Friday, March 15th were issued a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase 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 5.52%. Alexander & Baldwin’s dividend payout ratio (DPR) is 222.50%.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. Allspring Global Investments Holdings LLC bought a new position in shares of Alexander & Baldwin in the 1st quarter valued at about $41,000. Federated Hermes Inc. raised its position 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 acquiring an additional 1,240 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Alexander & Baldwin by 171.6% in the fourth quarter. Quadrant Capital Group LLC now owns 3,533 shares of the financial services provider’s stock valued at $67,000 after acquiring an additional 2,232 shares during the last quarter. Van ECK Associates Corp grew its position in shares of Alexander & Baldwin by 19.7% in the 4th quarter. Van ECK Associates Corp now owns 10,165 shares of the financial services provider’s stock valued at $193,000 after acquiring an additional 1,672 shares during the period. Finally, Everett Harris & Co. CA acquired a new position in shares of Alexander & Baldwin during the 4th quarter worth about $195,000. Institutional investors 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.