ALEX Stock Summary and Trading Ideas (Alexander & Baldwin Common REIT Holding Company | NYSE:ALEX)

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.

Alexander & Baldwin Common REIT Holding Company trades on the NYSE stock market under the symbol ALEX.

As of April 23, 2024, ALEX stock price climbed to $16.30 with 247,874 million shares trading.

ALEX has a beta of 0.84, meaning it tends to be less sensitive to market movements. ALEX has a correlation of 0.28 to the broad based SPY ETF.

ALEX has a market cap of $1.18 billion. This is considered a Small Cap stock.

Last quarter Alexander & Baldwin Common REIT Holding Company reported $53 million in Revenue and $.12 earnings per share. This beat revenue expectation by $850,000 and missed earnings estimates by -$.15.

In the last 3 years, ALEX stock traded as high as $26.57 and as low as $15.53.

The top ETF exchange traded funds that ALEX belongs to (by Net Assets): IJR, VNQ, VTI, VB, IWM.

ALEX has underperformed the market in the last year with a return of -10.6%, while the SPY ETF gained +24.3%. In the last 3 month period, ALEX fell short of the market, returning -8.5%, while SPY returned +4.9%. However, in the most recent 2 weeks ALEX has outperformed the stock market by returning +1.4%, while SPY returned -2.5%.

ALEX support price is $15.89 and resistance is $16.38 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that ALEX stock will trade within this expected range on the day.