Alexander’s (ALX) Receiving Somewhat Favorable News Coverage, Study Finds
News articles about Alexander’s (NYSE:ALX) have been trending somewhat positive this week, Accern Sentiment reports. Accern rates the sentiment of media coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Alexander’s earned a media sentiment score of 0.12 on Accern’s scale. Accern also assigned news articles about the real estate investment trust an impact score of 46.0762026396189 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Separately, BidaskClub lowered shares of Alexander’s from a “sell” rating to a “strong sell” rating in a research report on Wednesday.
Alexander’s (ALX) traded up 0.05% during trading on Friday, reaching $411.85. 1,881 shares of the company were exchanged. Alexander’s has a 12 month low of $369.33 and a 12 month high of $451.99. The stock has a 50 day moving average price of $423.59 and a 200 day moving average price of $424.44. The firm has a market capitalization of $2.10 billion, a PE ratio of 24.78 and a beta of 0.66.
Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by $0.11. Alexander’s had a return on equity of 24.22% and a net margin of 37.16%. The firm had revenue of $57.19 million for the quarter. On average, analysts expect that Alexander’s will post $23.23 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Shareholders of record on Monday, August 7th will be paid a dividend of $4.25 per share. The ex-dividend date is Thursday, August 3rd. This represents a $17.00 annualized dividend and a dividend yield of 4.13%. Alexander’s’s dividend payout ratio is currently 102.29%.
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Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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