Alexander’s, Inc. (NYSE:ALX) Shareholders to Receive $4.50 Quarterly Dividend

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, October 28th. Investors of record on Monday, November 9th will be given a dividend of $4.50 per share by the real estate investment trust on Friday, November 20th. This represents a $18.00 annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Monday, November 9th.

Alexander’s Stock Performance

ALX stock opened at $248.66 on Thursday. Alexander’s has a 1-year low of $201.28 and a 1-year high of $289.43. The business has a 50-day moving average price of $251.53 and a 200 day moving average price of $251.37. The company has a market capitalization of $1.27 billion, a P/E ratio of 7.52 and a beta of 0.80. The company has a debt-to-equity ratio of 3.73, a current ratio of 16.78 and a quick ratio of 16.78.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, August 3rd. The real estate investment trust reported $3.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.00 by $0.02. The company had revenue of $54.71 million for the quarter, compared to analysts’ expectations of $54.10 million. Alexander’s had a net margin of 79.06% and a return on equity of 123.09%. As a group, equities research analysts forecast that Alexander’s will post 16.52 EPS for the current fiscal year.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust that owns, manages and leases a portfolio of office, retail and residential properties, primarily in the New York metropolitan area. Its properties are generally located in densely populated, high-traffic locations and serve commercial tenants, retailers and residents.

The company’s portfolio includes mixed-use and office properties in Manhattan and surrounding communities. Its best-known asset is 731 Lexington Avenue, a major mixed-use development in Manhattan that includes office space, retail establishments and residential units.