Alexander’s, Inc. (NYSE:ALX) Announces Quarterly Dividend of $4.50

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, February 4th. Investors of record on Tuesday, February 17th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, February 27th. This represents a c) dividend on an annualized basis and a yield of 7.2%. The ex-dividend date of this dividend is Tuesday, February 17th.

Alexander’s Stock Performance

Shares of ALX stock traded down $1.06 on Thursday, reaching $251.24. The stock had a trading volume of 24,704 shares, compared to its average volume of 88,323. The company has a 50 day simple moving average of $226.14 and a 200 day simple moving average of $229.53. The stock has a market cap of $1.28 billion, a P/E ratio of 34.88 and a beta of 0.82. Alexander’s has a 1 year low of $189.05 and a 1 year high of $260.84. The company has a debt-to-equity ratio of 7.69, a quick ratio of 10.36 and a current ratio of 10.36.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data on Monday, November 3rd. The real estate investment trust reported $2.91 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.50 by $0.41. Alexander’s had a net margin of 16.99% and a return on equity of 23.91%. The company had revenue of $53.42 million for the quarter, compared to the consensus estimate of $51.60 million. Equities research analysts expect that Alexander’s will post 11.5 EPS for the current year.

Wall Street Analysts Forecast Growth

ALX has been the subject of a number of research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research note on Wednesday, January 21st. Zacks Research raised shares of Alexander’s from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Buy”.

Alexander’s Company Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.