Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) Given Consensus Recommendation of “Hold” by Analysts

Shares of Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) have received an average rating of “Hold” from the five research firms that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $20.95.

Several equities research analysts have recently weighed in on the company. Alliance Global Partners cut Alexander & Baldwin from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, December 10th. Weiss Ratings upgraded Alexander & Baldwin from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, January 30th. Janney Montgomery Scott lowered shares of Alexander & Baldwin from a “buy” rating to a “neutral” rating and set a $21.00 price target for the company. in a report on Wednesday, December 10th. Piper Sandler downgraded shares of Alexander & Baldwin from an “overweight” rating to a “neutral” rating and set a $21.00 price target on the stock. in a research report on Tuesday, December 9th. Finally, iA Financial set a $20.85 price objective on shares of Alexander & Baldwin in a research report on Wednesday, December 10th.

Alexander & Baldwin Price Performance

ALEX stock opened at $20.80 on Monday. The company has a market capitalization of $1.51 billion, a P/E ratio of 20.59 and a beta of 0.90. The company has a fifty day moving average price of $20.74 and a 200-day moving average price of $18.70. The company has a debt-to-equity ratio of 0.47, a quick ratio of 0.38 and a current ratio of 0.38. Alexander & Baldwin has a 52-week low of $15.07 and a 52-week high of $21.03.

Alexander & Baldwin (NYSE:ALEX) last issued its quarterly earnings data on Friday, February 27th. The financial services provider reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.21). The business had revenue of $50.99 million during the quarter, compared to the consensus estimate of $49.99 million. Alexander & Baldwin had a return on equity of 7.29% and a net margin of 33.62%. As a group, equities analysts expect that Alexander & Baldwin will post 1.35 EPS for the current year.

Alexander & Baldwin Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 8th. Shareholders of record on Friday, December 19th were issued a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 6.7%. The ex-dividend date was Friday, December 19th. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.23. Alexander & Baldwin’s dividend payout ratio (DPR) is 138.61%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Evelyn Partners Asset Management Ltd purchased a new position in Alexander & Baldwin during the second quarter valued at approximately $25,000. Jones Financial Companies Lllp bought a new stake in Alexander & Baldwin during the first quarter worth about $41,000. Mirae Asset Global Investments Co. Ltd. boosted its stake in Alexander & Baldwin by 33.4% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 2,125 shares of the financial services provider’s stock worth $44,000 after buying an additional 532 shares in the last quarter. Elevation Point Wealth Partners LLC bought a new position in shares of Alexander & Baldwin during the 2nd quarter valued at $46,000. Finally, CIBC Private Wealth Group LLC bought a new position in shares of Alexander & Baldwin during the third quarter valued at about $49,000. 91.29% of the stock is owned by institutional investors and hedge funds.

Alexander & Baldwin Company Profile

Founded in 1870 by Samuel T. Alexander and Henry P. Baldwin as a sugarcane plantation on Maui, Alexander & Baldwin, Inc (NYSE: ALEX) today operates as a Hawai‘i-focused real estate investment trust headquartered in Honolulu. The company transitioned from its agricultural origins into a diversified real estate owner, operator and developer, completing its conversion to a REIT structure in late 2019 to align its corporate governance with its core property portfolio.

Alexander & Baldwin’s commercial real estate arm spans office, retail, industrial and hospitality properties across the four major Hawaiian Islands.