PSTL, TEF and ALEX made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 14, 2025.
The heavy selling pressure might have exhausted for Alexander & Baldwin Holdings (ALEX) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Alexander & Baldwin Holdings (ALEX) could produce exceptional returns because of its solid growth attributes.
As REIT prices rise, high-yield opportunities dwindle, making this a good time to focus on dividend growth for better long-term returns. Dividend growth stocks, despite lower initial yields, can surpass higher-yielding stocks over time, offering better yield on cost. Dividend growers often outperform the REIT average in total returns, driven by strong AFFO growth and superior gains in stock price.
Alexander & Baldwin Holdings (ALEX) possesses solid growth attributes, which could help it handily outperform the market.
Alexander & Baldwin Holdings (ALEX) is well positioned to outperform the market, as it exhibits above-average growth in financials.
Alexander & Baldwin Holdings (ALEX) possesses solid growth attributes, which could help it handily outperform the market.
Alexander & Baldwin, Inc. (NYSE:ALEX ) Q3 2024 Earnings Conference Call October 24, 2024 5:00 PM ET Company Participants Aja Shimamura - Leasing 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 and welcome to the Third 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 September 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 $0.39 per share, beating the Zacks Consensus Estimate of $0.33 per share. This compares to FFO of $0.30 per share a year ago.
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.
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.