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

Alexander & Baldwin (NYSE:ALEX) is scheduled to announce its earnings results after the market closes on Thursday, October 24th. Analysts expect the company to announce earnings of $0.33 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

Alexander & Baldwin Stock Performance

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

Alexander & Baldwin Increases Dividend

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

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the company. Piper Sandler raised Alexander & Baldwin from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $17.00 to $22.00 in a research note on Friday, July 26th. Alliance Global Partners initiated coverage on shares of Alexander & Baldwin in a research note on Thursday, August 8th. They set a “buy” rating and a $22.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.