Alexander’s, Inc. (NYSE:ALX – Get Free Report) announced a quarterly dividend on Wednesday, July 29th. Stockholders of record on Monday, August 10th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 6.8%. The ex-dividend date is Monday, August 10th.
Alexander’s Price Performance
Shares of Alexander’s stock opened at $264.49 on Thursday. The company has a current ratio of 6.92, a quick ratio of 6.92 and a debt-to-equity ratio of 9.17. The firm has a fifty day simple moving average of $266.03 and a 200-day simple moving average of $249.37. The stock has a market capitalization of $1.35 billion, a price-to-earnings ratio of 66.12 and a beta of 0.76. Alexander’s has a 1-year low of $201.28 and a 1-year high of $289.43.
Alexander’s (NYSE:ALX – Get Free Report) last posted its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). The firm had revenue of $53.41 million during the quarter, compared to analyst estimates of $53.40 million. Alexander’s had a net margin of 9.72% and a return on equity of 17.38%. On average, sell-side analysts expect that Alexander’s will post 11.87 earnings per share for the current year.
About Alexander’s
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.
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