ALEX

Alexander & Baldwin
ALEX

$19.12

1.19%

Market Cap: $1.39B

About: Alexander & Baldwin Inc operates in the real estate sector. It functions through two segments namely Commercial Real Estate and Land Operations. The Commercial Real Estate segment owns and manages retail, industrial spaces and also urban ground leases in Hawaii, thereby accounting for majority of the company's revenue. The Land Operations segment actively manages the company's land and real estate-related assets and makes optimum utilization of these assets. Geographically, the activities are carried out across the United States.

Employees: 104

Financials Real Estate Investment Trusts

0

Funds holding %

of 6,686 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

24% more repeat investments, than reductions

Existing positions increased: 93 | Existing positions reduced: 75

1% more capital invested

Capital invested by funds: $1.04B [Q1] → $1.05B (+$14.9M) [Q2]

0% less funds holding

Funds holding: 220 [Q1] → 219 (-1) [Q2]

4% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 23

1.16% less ownership

Funds ownership: 86.87% [Q1] → 85.71% (-1.16%) [Q2]

83% less call options, than puts

Call options by funds: $23K | Put options by funds: $137K

100% less funds holding in top 10

Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]

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Research analyst outlook

2 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$22

15%

upside

Avg. target

$22

15%

upside

High target

$22

15%

upside

2 analyst ratings

2 positive

100%

0 neutral

0%

0 negative

0%

Alliance Global Partners Gaurav Mehta 89% 1-year accuracy 8 / 9 met price target	15%upside $22	Buy Initiated	8 Aug 2024
Piper Sandler Alexander Goldfarb 63% 1-year accuracy 34 / 54 met price target	15%upside $22	Overweight Upgraded	26 Jul 2024

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Financial journalist opinion

Alexander & Baldwin: Low Gearing Will Hurt Returns As Fed Set To Cut Rates (Rating Downgrade)

Alexander & Baldwin is a diversified REIT operating exclusively in Hawaii, with the majority of net operating income coming from retail and industrial properties, as well as ground leases. The company also has a legacy Land Operations segment, with a land sale in Q3 2024 contributing to the REIT's 2024 guidance increase. Net debt accounts for just 24% of enterprise value, which coupled with no floating rate debt points to limited benefits from Fed rate cuts.

Alexander & Baldwin: Low Gearing Will Hurt Returns As Fed Set To Cut Rates (Rating Downgrade)

Top 3 Dividend Stocks Primed For A Fed Rate Cut

In recent weeks, investors have grappled with mixed economic signals and uncertainty around potential rate cuts that have impacted markets. A cycle of monetary easing could benefit dividend-paying stocks, as investors seek yield in a lower-rate environment. SA Quant identified three dividend stocks with solid financials and strong dividend profiles, alongside other favorable factor grades that make them well positioned for a shift in the monetary regime.

Top 3 Dividend Stocks Primed For A Fed Rate Cut

Zacks Investment Research

Is the Options Market Predicting a Spike in Alexander & Baldwin (ALEX) Stock?

Investors need to pay close attention to Alexander & Baldwin (ALEX) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Alexander & Baldwin (ALEX) Stock?

Zacks Investment Research

Alexander & Baldwin Holdings, Inc. (ALEX) Now Trades Above Golden Cross: Time to Buy?

From a technical perspective, Alexander & Baldwin Holdings, Inc. (ALEX) is looking like an interesting pick, as it just reached a key level of support. ALEX's 50-day simple moving average crossed above its 200-day simple moving average, which is known as a "golden cross" in the trading world.

Alexander & Baldwin Holdings, Inc. (ALEX) Now Trades Above Golden Cross: Time to Buy?

Soft Landing Secured

U.S. equity markets posted mixed performance while interest rates dipped to four-month lows as a lukewarm start to corporate earnings season and mixed economic data reinforced Fed rate cut expectations. Another twist in a wild month of politics, President Biden announced that he would not seek reelection, instead endorsing VP Harris, setting the stage for a more competitive November election. The S&P 500 slipped 0.8% on the week as the powerful "value rotation" trade extended into a third-week. The Small-Cap 600 rallied 3.6% while the mega-cap Nasdaq 100 dipped 2.6%.

Soft Landing Secured

Alexander & Baldwin, Inc. (ALEX) Q2 2024 Earnings Call Transcript

Alexander & Baldwin, Inc. (NYSE:ALEX ) Q2 2024 Earnings Conference Call July 25, 2024 5:00 PM ET Company Participants Brandon Myers - Investment Manager Lance Parker - CEO Clayton Chun - CFO Conference Call Participants Alexander Goldfarb - Piper Sandler Rob Stevenson - Janney Mitch Germain - Citizens JMP Brendan McCarthy - Sidoti Operator Good day, and welcome to the Second Quarter 2024 Alexander & Baldwin Earnings Conference Call. At this time, all lines are in listen-only mode.

Alexander & Baldwin, Inc. (ALEX) Q2 2024 Earnings Call Transcript

Zacks Investment Research

Alexander & Baldwin Holdings (ALEX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for Alexander & Baldwin Holdings (ALEX) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Alexander & Baldwin Holdings (ALEX) Q2 Earnings: Taking a Look at Key Metrics Versus Estimates

Zacks Investment Research

Alexander & Baldwin Holdings, Inc. (ALEX) Q2 FFO and Revenues Top Estimates

Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.28 per share, beating the Zacks Consensus Estimate of $0.25 per share. This compares to FFO of $0.29 per share a year ago.

Alexander & Baldwin Holdings, Inc. (ALEX) Q2 FFO and Revenues Top Estimates

Alexander & Baldwin, Inc. Reports Second Quarter 2024 Results

HONOLULU , July 25, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, today announced net income available to A&B common shareholders of $9.1 million, or $0.13 per diluted share, and Commercial Real Estate ("CRE") operating profit of $22.6 million for the second quarter of 2024. Q2 2024 Highlights Funds From Operations ("FFO") of $20.6 million, or $0.28 per diluted share / Adjusted FFO of $16.9 million, or $0.23 per diluted share CRE Same-Store Net Operating Income ("NOI") growth of 0.9% / CRE Same-Store NOI growth of 1.7% excluding collections of prior year reserves Leased occupancy as of June 30, 2024, was 93.9% Comparable blended leasing spreads for the improved portfolio were 7.3% Lance Parker, president and chief executive officer, stated: "I am encouraged by our performance during the second quarter.

Alexander & Baldwin, Inc. Reports Second Quarter 2024 Results

Alexander & Baldwin Third Quarter 2024 Dividend Authorized

HONOLULU , July 24, 2024 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, approved a third quarter 2024 dividend of $0.2225 ( twenty-two and ¼ cents ) per share. The dividend is payable on October 7, 2024, to shareholders of record as of the close of business on September 20, 2024.

Alexander & Baldwin Third Quarter 2024 Dividend Authorized

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