Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.48 per share, beating the Zacks Consensus Estimate of $0.39 per share. This compares to FFO of $0.28 per share a year ago.
REITs had another month of recovery in June (+2.56% average total return), but despite back-to-back gains remain in negative territory YTD (-5.65%). Micro cap REITs (+7.19%) outperformed for the first time this year in June, while small caps (+2.99%), mid caps (+1.80%) and large caps (+0.03%) saw smaller gains. 63.87% of REIT securities had a positive total return in June.
Eighteen publicly traded US real estate investment trusts are expected to raise dividend payouts in the third quarter, according to S&P Global Market Intelligence forecasts. Analysts forecast that hotel REIT RLJ Lodging Trust is likely to increase its dividend by an estimated 13.3% to 17 cents per share in August. Alexander & Baldwin Inc. is expected to announce an 11.1% dividend payout increase to 25 cents per share in late July.
ALEX offers a compelling 5.1% yield, backed by a conservative 73% payout ratio and strong fundamentals, which are ideal for income investors. ALEX's strategic asset recycling, robust leasing activity, and low leverage balance sheet support continued growth and resilience. ALEX's focus on needs-based retail and industrial properties in Hawaii, a supply-constrained market, underpins management's raised FFO/share guidance.
MATX, SNN, ALEX, PCB and LTH have been added to the Zacks Rank #1 (Strong Buy) List on April 29, 2025.
Although the revenue and EPS for Alexander & Baldwin Holdings (ALEX) give a sense of how its business performed in the quarter ended March 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.36 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to FFO of $0.35 per share a year ago.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.1% in Alexander & Baldwin Holdings (ALEX). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Now is a good time to invest in REITs due to low inflation, expected rate cuts, and a bullish technical trend. Analyst upgrades on REITs outnumber downgrades, and many quality REITs offer higher-than-usual yields, making them attractive for income investors. Dividend safety is crucial; Seeking Alpha Premium's Quant Ratings help identify REITs with low risk of dividend cuts, ensuring stable income.
Alexander & Baldwin, Inc. (NYSE:ALEX ) Q4 2024 Results Conference Call February 27, 2025 5:00 PM ET Company Participants Michael Imanaka - Senior Manager Lance Parker - CEO Clayton Chun - CFO Kit Millan - Senior Vice President of Asset Management Conference Call Participants Gaurav Mehta - Alliance Global Partners Rob Stevenson - Janney Alexander Goldfarb - Piper Sandler Mitch Germain - Citizens JMP Brendan McCarthy - Sidoti Operator Good afternoon, ladies and gentlemen, welcome to the Fourth Quarter 2024 Alexander & Baldwin Earnings Conference Call. At this time, all lines are in listen-only mode.
Although the revenue and EPS for Alexander & Baldwin Holdings (ALEX) give a sense of how its business performed in the quarter ended December 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Alexander & Baldwin Holdings, Inc. (ALEX) came out with quarterly funds from operations (FFO) of $0.30 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to FFO of $0.29 per share a year ago.