Alexander’s, Inc. (ALX) to Issue Quarterly Dividend of $4.50 on May 29th

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, May 11th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, May 29th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Monday, May 11th.

Alexander’s Stock Performance

Shares of NYSE:ALX opened at $246.50 on Friday. Alexander’s has a 52 week low of $201.28 and a 52 week high of $260.84. The stock has a market capitalization of $1.26 billion, a P/E ratio of 61.63 and a beta of 0.80. The firm has a fifty day simple moving average of $242.03 and a two-hundred day simple moving average of $232.08. The company has a quick ratio of 8.36, a current ratio of 6.92 and a debt-to-equity ratio of 9.17.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). Alexander’s had a return on equity of 17.38% and a net margin of 9.72%.The business had revenue of $53.41 million during the quarter, compared to analysts’ expectations of $53.40 million. On average, analysts expect that Alexander’s will post 12.08 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Zacks Research downgraded Alexander’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 3rd. Weiss Ratings reissued a “hold (c)” rating on shares of Alexander’s in a research report on Monday, April 20th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat, Alexander’s currently has a consensus rating of “Hold”.

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.