News articles about Alexander's (NYSE:ALX) have trended somewhat positive on Wednesday, Accern reports. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Alexander's earned a coverage optimism score of 0.16 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.7203537764549 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Shares of Alexander's (NYSE:ALX) traded up $3.37 during trading hours on Wednesday, reaching $374.47. The company’s stock had a trading volume of 6,667 shares, compared to its average volume of 9,993. The firm has a market cap of $1,900.00, a PE ratio of 23.79 and a beta of 0.59. The company has a current ratio of 14.15, a quick ratio of 14.15 and a debt-to-equity ratio of 3.61. Alexander's has a 52-week low of $332.98 and a 52-week high of $440.50.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 15th. Shareholders of record on Monday, January 29th were issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 4.81%. The ex-dividend date was Friday, January 26th. This is a boost from Alexander's’s previous quarterly dividend of $4.25. Alexander's’s dividend payout ratio is 114.36%.
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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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