Sidoti Csr Analysts Boost Earnings Estimates for Alexander & Baldwin, Inc. (NYSE:ALEX)

Alexander & Baldwin, Inc. (NYSE:ALEX) – Equities research analysts at Sidoti Csr lifted their FY2025 earnings per share estimates for Alexander & Baldwin in a research note issued to investors 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 estimate of $1.25. The consensus estimate for Alexander & Baldwin’s current full-year earnings is $1.01 per share.

Several other equities analysts have also recently issued reports on the stock. Piper Sandler reduced their price target on shares of Alexander & Baldwin from $19.00 to $17.00 and set a “neutral” rating on the stock in a research report on Thursday, March 14th. TheStreet downgraded Alexander & Baldwin from a “b-” rating to a “c+” rating in a report on Wednesday, February 28th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Alexander & Baldwin currently has an average rating of “Hold” and an average price target of $18.50.

Alexander & Baldwin Stock Performance

Shares of ALEX stock opened at $16.13 on Monday. The stock has a fifty day moving average of $16.45 and a 200 day moving average of $16.98. Alexander & Baldwin has a 52 week low of $15.53 and a 52 week high of $19.99. 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 firm has a market capitalization of $1.17 billion, a price-to-earnings ratio of 40.33 and a beta of 1.21.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 5th. Stockholders of record on Friday, March 15th were paid a $0.2225 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.89 annualized dividend and a dividend yield of 5.52%. This is a boost from Alexander & Baldwin’s previous quarterly dividend of $0.22. Alexander & Baldwin’s payout ratio is currently 222.50%.

Institutional Investors Weigh In On Alexander & Baldwin

Several large investors have recently bought and sold shares of ALEX. Daiwa Securities Group Inc. boosted its holdings in shares of Alexander & Baldwin by 4.1% during the 3rd quarter. Daiwa Securities Group Inc. now owns 23,241 shares of the financial services provider’s stock valued at $389,000 after acquiring an additional 909 shares during the last quarter. Foundry Partners LLC boosted its holdings in Alexander & Baldwin by 4.2% in the fourth quarter. Foundry Partners LLC now owns 25,320 shares of the financial services provider’s stock worth $482,000 after purchasing an additional 1,025 shares during the last quarter. Rock Point Advisors LLC grew its position in Alexander & Baldwin by 0.5% in the 4th quarter. Rock Point Advisors LLC now owns 210,160 shares of the financial services provider’s stock worth $3,997,000 after purchasing an additional 1,080 shares during the period. Allspring Global Investments Holdings LLC raised its stake in Alexander & Baldwin by 46.4% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 3,516 shares of the financial services provider’s stock valued at $59,000 after buying an additional 1,114 shares during the last quarter. Finally, New York State Common Retirement Fund lifted its holdings in shares of Alexander & Baldwin by 3.7% during the 4th quarter. New York State Common Retirement Fund now owns 31,594 shares of the financial services provider’s stock valued at $601,000 after buying an additional 1,125 shares during the period. 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.