Shares of Alexander & Baldwin, Inc. (NYSE:ALEX – Get Free Report) have earned a consensus score of “Reasonable Purchase” from the 4 scores companies which might be at present masking the inventory, Marketbeat.com reviews. One analyst has rated the inventory with a maintain score and three have issued a purchase score on the corporate. The common twelve-month goal worth amongst brokers which have issued a report on the inventory within the final yr is $21.33.
ALEX has been the topic of various analyst reviews. Alliance International Companions began protection on shares of Alexander & Baldwin in a analysis notice on Thursday, August eighth. They set a “purchase” score and a $22.00 goal worth for the corporate. Piper Sandler upgraded Alexander & Baldwin from a “impartial” score to an “obese” score and upped their goal worth for the corporate from $17.00 to $22.00 in a analysis report on Friday, July twenty sixth.
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Institutional Buyers Weigh In On Alexander & Baldwin
Various hedge funds have not too long ago added to or decreased their stakes within the firm. Point72 Asset Administration L.P. elevated its place in shares of Alexander & Baldwin by 274.3% in the course of the second quarter. Point72 Asset Administration L.P. now owns 6,737 shares of the monetary companies supplier’s inventory value $114,000 after buying an extra 4,937 shares within the final quarter. Quarry LP raised its stake in shares of Alexander & Baldwin by 577.4% within the second quarter. Quarry LP now owns 5,047 shares of the monetary companies supplier’s inventory value $86,000 after buying an extra 4,302 shares over the last quarter. Algert International LLC boosted its place in shares of Alexander & Baldwin by 10.0% in the course of the second quarter. Algert International LLC now owns 80,130 shares of the monetary companies supplier’s inventory valued at $1,359,000 after shopping for an extra 7,300 shares over the last quarter. The Producers Life Insurance coverage Firm grew its holdings in Alexander & Baldwin by 5.3% in the course of the second quarter. The Producers Life Insurance coverage Firm now owns 38,563 shares of the monetary companies supplier’s inventory value $654,000 after shopping for an extra 1,938 shares within the final quarter. Lastly, AQR Capital Administration LLC bought a brand new stake in Alexander & Baldwin within the 2nd quarter valued at $219,000. Institutional buyers and hedge funds personal 91.29% of the corporate’s inventory.
Alexander & Baldwin Inventory Down 1.2 %
Alexander & Baldwin inventory opened at $19.12 on Monday. The agency has a market cap of $1.39 billion, a price-to-earnings ratio of 31.34 and a beta of 1.26. Alexander & Baldwin has a 52-week low of $15.53 and a 52-week excessive of $20.30. The corporate has a debt-to-equity ratio of 0.47, a fast ratio of 0.53 and a present ratio of 0.53. The agency has a 50 day transferring common worth of $18.55 and a two-hundred day transferring common worth of $17.20.
Alexander & Baldwin Will increase Dividend
The corporate additionally not too long ago introduced a quarterly dividend, which will probably be paid on Monday, October seventh. Stockholders of document on Friday, September twentieth will probably be paid a $0.2225 dividend. The ex-dividend date of this dividend is Friday, September twentieth. This is a rise from Alexander & Baldwin’s earlier quarterly dividend of $0.22. This represents a $0.89 annualized dividend and a dividend yield of 4.65%. Alexander & Baldwin’s dividend payout ratio (DPR) is at present 145.90%.
Alexander & Baldwin Firm Profile
Alexander & Baldwin, Inc (NYSE: ALEX) (A&B) is the one publicly-traded actual property funding belief to focus solely on Hawai’i industrial actual property and is the state’s largest proprietor of grocery-anchored, neighborhood buying facilities. A&B owns, operates and manages roughly 3.9 million sq. ft of economic house in Hawai’i, together with 22 retail facilities, 13 industrial property and 4 workplace properties, in addition to 142.0 acres of floor lease property.
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