Alexander’s, Inc. (ALX) to Issue Quarterly Dividend of $4.50 on August 28th

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, July 29th. Shareholders 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 yield of 6.5%. The ex-dividend date is Monday, August 10th.

Alexander’s Trading Up 1.5%

Alexander’s stock opened at $276.86 on Friday. The company has a current ratio of 16.78, a quick ratio of 6.92 and a debt-to-equity ratio of 3.73. Alexander’s has a 12 month low of $201.28 and a 12 month high of $289.43. The stock’s 50 day simple moving average is $268.88 and its two-hundred day simple moving average is $251.04. The firm has a market cap of $1.41 billion, a PE ratio of 8.38 and a beta of 0.77.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, August 3rd. The real estate investment trust reported $3.02 EPS for the quarter, topping analysts’ consensus estimates of $3.00 by $0.02. Alexander’s had a net margin of 79.06% and a return on equity of 123.09%. The business had revenue of $54.71 million for the quarter, compared to analysts’ expectations of $54.10 million. Analysts anticipate that Alexander’s will post 16.52 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.