
ALEX Stock Forecast & Price Target
ALEX Analyst Ratings
Bulls say
Alexander & Baldwin Inc is positioned favorably with a notable increase in same-store Net Operating Income (NOI) of 4.1% and a solid total occupancy rate of 93.0%, indicating robust operational performance within its Commercial Real Estate segment. The company is proactively exiting legacy landholdings while simultaneously enhancing its earnings power, which is expected to generate incremental funding for future acquisitions. Furthermore, management's upward revision of Full-Year 2024 Funds From Operations (FFO) guidance to a range of $1.27 - $1.35, as well as anticipated growth in FFO for 2025 and 2026, highlights a strong trajectory in financial performance amidst ongoing investments in industrial and retail spaces in Hawaii.
Bears say
Alexander & Baldwin Inc. is experiencing challenges in its office segment, which, despite representing only 3.5% of net operating income (NOI), has seen a decline in occupancy rates from 83.5% in the third quarter of 2023 to 79.3% in the third quarter of 2024. This downward trend in the office market segment, combined with an unchanged projected street consensus for earnings per share (EPS) at $1.27 for 2024, raises concerns about the company's growth prospects. These factors signal potential struggles in operational performance and market positioning, contributing to a negative outlook on the stock.
This aggregate rating is based on analysts' research of Alexander & Baldwin and is not a guaranteed prediction by Public.com or investment advice.
ALEX Analyst Forecast & Price Prediction
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