Domo signs strategic collaboration agreement with AWS for AI solutions
Meredith (NYSE:MDP) J. Ching, Executive Vice President of External Affairs at Alexander & Baldwin, Inc. (NYSE:ALEX), recently reported the sale of 700 shares of common stock. The transaction, executed on April 10, 2025, was conducted under a Rule 10b5-1 trading plan, a prearranged trading strategy that allows insiders to sell shares at predetermined times. The shares were sold at a weighted average price of $16.0429, with the prices ranging from $15.745 to $16.51. This sale amounted to a total of $11,230. The stock is currently trading near its 52-week low of $15.53, while offering a notable dividend yield of 5.62%. InvestingPro analysis shows the company has consistently raised its dividend for four consecutive years. Following the transaction, Ching holds 151,049 shares directly, with additional shares held indirectly by a spouse and a TCESOP. With the company's next earnings report due on April 24, investors seeking deeper insights into ALEX's insider trading patterns and comprehensive financial analysis can access the detailed Pro Research Report available on InvestingPro, which covers over 1,400 US stocks.
In other recent news, Alexander & Baldwin reported its fourth-quarter earnings for 2024, exceeding analyst expectations with an earnings per share (EPS) of $0.17, compared to the forecasted $0.14. The company also announced a full-year 2024 funds from operations (FFO) of $1.37 per share, marking an increase of $0.28 year-over-year. Piper Sandler analyst Alexander Goldfarb raised the price target for Alexander & Baldwin to $24.00 from $23.00, maintaining an Overweight rating due to the company's strong performance and strategic focus. Goldfarb highlighted the company's success in reducing costs, particularly through the winding down of its legacy land business, and noted strong leasing demand with minimal credit issues. Additionally, the company reduced general and administrative expenses by $4.2 million in 2024, reflecting a 12.4% reduction. Leased occupancy improved to 94.6%, a sequential increase of 60 basis points, indicating robust operational performance. Looking forward, Alexander & Baldwin provided a 2025 FFO guidance of $1.13 to $1.20 per share, with expectations for same-store net operating income growth between 2.4% and 3.2%. The company plans to continue optimizing its cost structure and enhancing its commercial real estate portfolio's performance.
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