Alexander & Baldwin (NYSE:ALEX) Upgraded to B- by TheStreet

TheStreet upgraded shares of Alexander & Baldwin (NYSE:ALEX) from a c+ rating to a b- rating in a report released on Tuesday, TheStreetRatingsTable reports.

Other research analysts have also recently issued reports about the company. Zacks Investment Research cut Alexander & Baldwin from a buy rating to a hold rating in a research report on Tuesday, September 28th. Piper Sandler raised Alexander & Baldwin from a neutral rating to an overweight rating and raised their target price for the stock from $20.00 to $22.00 in a research report on Friday, July 30th.

ALEX opened at $23.86 on Tuesday. Alexander & Baldwin has a 1-year low of $11.55 and a 1-year high of $24.31. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $1.73 billion, a price-to-earnings ratio of 91.77 and a beta of 1.40. The business has a 50 day moving average of $21.98 and a 200-day moving average of $19.70.

Alexander & Baldwin (NYSE:ALEX) last issued its earnings results on Thursday, July 29th. The financial services provider reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. Alexander & Baldwin had a return on equity of 2.43% and a net margin of 8.32%. Equities analysts predict that Alexander & Baldwin will post 0.9 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Monday, October 4th. Stockholders of record on Friday, September 17th were paid a $0.18 dividend. The ex-dividend date of this dividend was Thursday, September 16th. This is a positive change from Alexander & Baldwin’s previous quarterly dividend of $0.16. This represents a $0.72 dividend on an annualized basis and a dividend yield of 3.02%. Alexander & Baldwin’s dividend payout ratio (DPR) is 94.74%.

Several large investors have recently made changes to their positions in the company. Berman Capital Advisors LLC increased its position in Alexander & Baldwin by 39.9% in the third quarter. Berman Capital Advisors LLC now owns 1,589 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 453 shares during the period. Regency Capital Management Inc. DE acquired a new stake in Alexander & Baldwin in the first quarter worth about $118,000. Acadian Asset Management LLC increased its position in Alexander & Baldwin by 68.7% in the first quarter. Acadian Asset Management LLC now owns 7,120 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 2,899 shares during the period. Public Employees Retirement System of Ohio increased its position in Alexander & Baldwin by 9.8% in the first quarter. Public Employees Retirement System of Ohio now owns 7,152 shares of the financial services provider’s stock worth $120,000 after purchasing an additional 636 shares during the period. Finally, Mutual of America Capital Management LLC increased its position in Alexander & Baldwin by 7.0% in the first quarter. Mutual of America Capital Management LLC now owns 9,669 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 633 shares during the period. Institutional investors own 83.15% of the company’s stock.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in real estate business. It operates through the following segments: Commercial Real Estate, Land Operations, and Materials and Construction. The Commercial Real Estate segment includes investments and acquisitions, construction and development, in-house leasing and property management, and asset management.

See Also: Hold Rating

Receive News & Ratings for Alexander & Baldwin Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alexander & Baldwin and related companies with MarketBeat.com's FREE daily email newsletter.