ALEX

Alexander & Baldwin
ALEX

$19.51

6.32%

Market Cap: 1.42B

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 6,702 funds

–

Analysts bullish %

0

News positive %

of 6 articles

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

78% more call options, than puts

Call options by funds: $203K | Put options by funds: $114K

3% more first-time investments, than exits

New positions opened: 31 | Existing positions closed: 30

0% more funds holding

Funds holding: 216 [Q4 2023] → 217 (+1) [Q1 2024]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q4 2023] → 1 (+0) [Q1 2024]

0.64% less ownership

Funds ownership: 86.29% [Q4 2023] → 85.65% (-0.64%) [Q1 2024]

5% less repeat investments, than reductions

Existing positions increased: 73 | Existing positions reduced: 77

14% less capital invested

Capital invested by funds: $1.19B [Q4 2023] → $1.02B (-$167M) [Q1 2024]

See Fund Rankings

Research analyst outlook

2 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target

$17

13%

downside

Avg. target

$19.50

0%

upside

High target

$22

13%

upside

2 analyst ratings

1 positive

50%

1 neutral

50%

0 negative

0%

Piper Sandler Alexander Goldfarb	13%upside $22	Overweight Upgraded	26 Jul 2024
Piper Sandler Alexander Goldfarb	13%downside $17	Neutral Maintained	14 Mar 2024

See Analyst Rankings

Financial journalist opinion

Based on 6 articles about ALEX published over the past 30 days

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

Alexander & Baldwin Announces Second Quarter 2024 Earnings Release and Conference Call Date

HONOLULU , July 9, 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, will report results for the second quarter 2024, after the market closes, on Thursday, July 25, 2024. In connection with this announcement, A&B will host a conference call and webcast on Thursday, July 25, 2024, at 5:00 p.m.

Alexander & Baldwin Announces Second Quarter 2024 Earnings Release and Conference Call Date

Alexander & Baldwin: An Attractive Valuation If You Don't Mind The Low Leverage

Alexander & Baldwin is a diversified REIT with heavy retail exposure, exclusively concentrated in Hawaii. An opportunistic land sale boosted Q1 2024 AFFO. Net operating income likewise increased 4.1% Y/Y. Net debt accounts for only 27% of enterprise value - perhaps an amount too low if we are at the bottom of the real estate cycle.

Alexander & Baldwin: An Attractive Valuation If You Don't Mind The Low Leverage

Alexander & Baldwin to Participate in Nareit's REITweek: 2024 Investor Conference

HONOLULU , May 28, 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 that its management team will participate in Nareit's REITweek: 2024 Investor Conference in New York. A&B will present an overview of its business and operations, followed by a question and answer session.

Alexander & Baldwin to Participate in Nareit's REITweek: 2024 Investor Conference

The State Of REITs: May 2024 Edition

With a -4.27% average total return in April, REITs have now seen declines in 3 of the first 4 months of 2024. Micro caps (-2.71%) and small caps (-2.87%) averaged low single digit declines in April, while mid-caps (-5.36%) and large caps (-5.99%) performed even worse. 78.71% of REIT securities had a negative total return in April.

The State Of REITs: May 2024 Edition

May's 5 Dividend Growth Stocks With 5.49%+ Yields

Dividend growth stocks can provide reliable cash flows and help to build long-term wealth for income investors. Every month we look at screening dividend stocks based on safety, growth, and consistency, which can help identify worthwhile investments. We look at a list of 25 of the top yielding based on these metrics, then take a brief look at the 5 of these top positions.

May's 5 Dividend Growth Stocks With 5.49%+ Yields

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