Alexander’s (NYSE:ALX) Issues Quarterly Earnings Results


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Alexander’s (NYSE:ALX) released its quarterly earnings data on Monday. The real estate investment trust reported $3.49 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.02 by ($1.53), MarketWatch Earnings reports. Alexander’s had a net margin of 19.07% and a return on equity of 16.46%.

Shares of NYSE ALX traded up $8.33 during midday trading on Tuesday, reaching $287.09. The company’s stock had a trading volume of 931 shares, compared to its average volume of 9,970. The company has a debt-to-equity ratio of 5.11, a quick ratio of 11.89 and a current ratio of 11.90. The company has a market cap of $1.47 billion, a P/E ratio of 37.79 and a beta of 0.62. The business’s 50 day moving average price is $286.02 and its two-hundred day moving average price is $274.65. Alexander’s has a fifty-two week low of $223.02 and a fifty-two week high of $314.47.

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Shareholders of record on Monday, May 10th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Friday, May 7th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.27%. Alexander’s’s payout ratio is presently 92.45%.

Several research analysts have weighed in on the stock. TheStreet raised shares of Alexander’s from a “c” rating to a “b-” rating in a report on Monday, February 22nd. Zacks Investment Research cut Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, April 20th.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

See Also: Bid-Ask Spread

Earnings History for Alexander`s (NYSE:ALX)

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