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

Alexander & Baldwin (NYSE:ALEX) is set to release 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. Persons interested in listening to the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Down 1.3 %

Alexander & Baldwin stock opened at $18.24 on Tuesday. The firm has a market capitalization of $1.32 billion, a PE ratio of 29.90 and a beta of 1.26. The company’s 50-day moving average is $19.17 and its 200-day moving average is $17.79. Alexander & Baldwin has a fifty-two week low of $15.53 and a fifty-two week high of $20.30. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.53.

Alexander & Baldwin Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, September 20th were paid a dividend of $0.2225 per share. The ex-dividend date of this dividend was Friday, September 20th. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 4.88%. Alexander & Baldwin’s payout ratio is currently 145.90%.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Alliance Global Partners assumed coverage on shares of Alexander & Baldwin in a research note on Thursday, August 8th. They set a “buy” rating and a $22.00 price objective on the stock. Piper Sandler upgraded shares of Alexander & Baldwin from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $17.00 to $22.00 in a research note on Friday, July 26th. One research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target 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.