Alexander & Baldwin (ALEX) to Release Earnings on Thursday

Alexander & Baldwin (NYSE:ALEX) is scheduled to be announcing its earnings results after the market closes on Thursday, April 25th. Analysts expect the company to announce earnings of $0.25 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Alexander & Baldwin Trading Up 1.1 %

Shares of NYSE ALEX opened at $16.30 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.43 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $1.18 billion, a PE ratio of 40.75 and a beta of 1.21. Alexander & Baldwin has a twelve month low of $15.53 and a twelve month high of $19.99. The stock has a fifty day simple moving average of $16.43 and a 200-day simple moving average of $16.98.

Alexander & Baldwin Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Shareholders of record on Friday, March 15th were given a $0.2225 dividend. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a yield of 5.46%. The ex-dividend date of this dividend was Thursday, March 14th. Alexander & Baldwin’s payout ratio is currently 222.50%.

Analyst Upgrades and Downgrades

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