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

Alexander & Baldwin (NYSE:ALEX - Get Free Report) will be releasing its earnings data after the market closes on Thursday, October 24th. Analysts expect Alexander & Baldwin to post earnings of $0.33 per share for the quarter. Persons that wish to register for the company's earnings conference call can do so using this link.

Alexander & Baldwin Trading Down 1.3 %

Alexander & Baldwin stock traded down $0.24 during mid-day trading on Thursday, hitting $18.57. The company's stock had a trading volume of 179,597 shares, compared to its average volume of 327,262. The business has a 50 day moving average price of $19.20 and a 200-day moving average price of $17.73. The company has a debt-to-equity ratio of 0.47, a current ratio of 0.53 and a quick ratio of 0.53. Alexander & Baldwin has a 12 month low of $15.53 and a 12 month high of $20.30. The stock has a market cap of $1.35 billion, a price-to-earnings ratio of 30.46 and a beta of 1.26.

Alexander & Baldwin Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 7th. Stockholders of record on Friday, September 20th were paid a $0.2225 dividend. This represents a $0.89 dividend on an annualized basis and a dividend yield of 4.79%. The ex-dividend date was Friday, September 20th. This is a positive change from Alexander & Baldwin's previous quarterly dividend of $0.22. Alexander & Baldwin's payout ratio is 145.90%.

Wall Street Analyst Weigh In

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