Alexander & Baldwin Holdings, Inc. (ALEX) Reports Q3 FFO Exceeding Expectations
Quarterly Performance: Alexander & Baldwin Holdings, Inc. reported quarterly funds from operations (FFO) of $0.29 per share, exceeding the Zacks Consensus Estimate of $0.28, but down from $0.39 per share a year ago. The company has surpassed consensus FFO estimates in all four quarters over the past year.
Revenue Insights: The company posted revenues of $50.25 million for the quarter, missing the Zacks Consensus Estimate by 3.18% and down from $61.94 million year-over-year. It has topped revenue estimates three times in the last four quarters.
Stock Outlook: Alexander & Baldwin Holdings shares have declined by 7.4% since the start of the year, contrasting with the S&P 500's 17.2% gain. The stock currently holds a Zacks Rank #3 (Hold), indicating expected performance in line with the market.
Industry Context: The REIT and Equity Trust - Other industry is currently ranked in the top 34% of Zacks industries, suggesting a favorable outlook. Investors are advised to monitor estimate revisions and industry trends, as they can significantly impact stock performance.
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Investigation into Alexander & Baldwin Sale to MW Group
- Investigation Launched: Former Louisiana Attorney General Charles C. Foti and Kahn Swick & Foti are investigating the proposed sale of Alexander & Baldwin to MW Group and Blackstone-affiliated funds to assess the fairness of the transaction.
- Shareholder Return Analysis: Under the deal terms, Alexander shareholders are set to receive $21.20 per share, with KSF reviewing whether this price undervalues the company, potentially impacting shareholder interests.
- Legal Rights Consultation: KSF offers no-obligation legal consultations, encouraging shareholders to discuss the fairness of the transaction, demonstrating the firm's commitment to protecting shareholder rights and providing legal support.
- Public Engagement Channels: KSF provides various contact methods, including email and phone, to facilitate shareholder inquiries and enhance transparency while promoting shareholder engagement in the process.

Investor Rights Investigation: Multiple Company Transactions
- Investigation Background: Halper Sadeh LLC is investigating Sealed Air Corporation (NYSE:SEE) regarding its sale to CD&R-affiliated funds at $42.15 per share, which may involve potential violations of federal securities laws.
- First Foundation Transaction: First Foundation Inc. (NYSE:FFWM) is being sold to FirstSun Capital Bancorp for 0.16083 shares of FirstSun common stock per share of First Foundation, raising concerns about breaches of fiduciary duties to shareholders.
- Alexander & Baldwin Sale: Alexander & Baldwin, Inc. (NYSE:ALEX) is selling to MW Group and funds affiliated with Blackstone Real Estate and DivcoWest for $21.20 per share in cash, with Halper Sadeh LLC potentially seeking increased consideration for shareholders.
- Legal Support Offered: Halper Sadeh LLC offers free legal consultations without upfront fees, encouraging shareholders to reach out to discuss their rights and options, aiming to provide relief and benefits to defrauded investors.









