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

Alexander & Baldwin (NYSE:ALEX) will be issuing 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 listening to the company’s conference call can do so using this link.

Alexander & Baldwin Trading Up 0.2 %

NYSE:ALEX opened at $16.13 on Tuesday. Alexander & Baldwin has a 1 year low of $15.53 and a 1 year high of $19.99. The stock has a market cap of $1.17 billion, a P/E ratio of 40.33 and a beta of 1.21. 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 stock has a 50-day simple moving average of $16.45 and a 200-day simple moving average of $16.98.

Alexander & Baldwin Increases Dividend

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

Analyst Upgrades and Downgrades

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