Alexander & Baldwin (ALEX)

• Market cap: $1.27B
• 1 day: -1.63%
• 5 days: -7.27%
• 1 month: -10.36%
• 3 months: -10.27%
• 6 months: 7.51%
• Year to date: -8.49%
• 1 year: -7.03%
• 5 years: -15.81%
• 10 years: -2.46%
• Sector: Financials
• Industry: Real Estate Investment Trusts

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

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

131% more first-time investments, than exits

New positions opened: 37 | Existing positions closed: 16

10% more capital invested

Capital invested by funds: $1.07B [Q2] → $1.17B (+$105M) [Q3]

10% more funds holding

Funds holding: 220 [Q2] → 241 (+21) [Q3]

8% more repeat investments, than reductions

Existing positions increased: 85 | Existing positions reduced: 79

2.6% less ownership

Funds ownership: 86.85% [Q2] → 84.25% (-2.6%) [Q3]

88% less call options, than puts

Call options by funds: $42K | Put options by funds: $341K

Research analyst outlook

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

• Low target: $23 32% upside
• Avg. target: $23 32% upside
• High target: $23 32% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Piper Sandler Alexander Goldfarb 48% 1-year accuracy 19 / 40 met price target

32% upside $23

Overweight Reiterated

25 Oct 2024