Alexander’s, Inc. (ALX) To Go Ex-Dividend on November 9th

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, October 28th. Stockholders of record on Monday, November 9th will be paid 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 Price Performance

Alexander’s stock opened at $251.00 on Friday. The company has a debt-to-equity ratio of 3.73, a current ratio of 16.78 and a quick ratio of 16.78. The stock’s 50 day moving average is $248.53 and its 200 day moving average is $251.91. Alexander’s has a one year low of $201.28 and a one year high of $289.43. The firm has a market cap of $1.28 billion, a P/E ratio of 6.74 and a beta of 0.79.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, November 2nd. The real estate investment trust reported $5.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $8.20 by ($2.87). The company had revenue of $72.06 million during the quarter, compared to the consensus estimate of $82.40 million. Alexander’s had a return on equity of 135.48% and a net margin of 81.93%. As a group, research analysts expect that Alexander’s will post 15.64 EPS for the current year.

Analyst Ratings Changes

ALX has been the subject of a number of recent analyst reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Alexander’s in a research report on Monday. Piper Sandler dropped their price objective on Alexander’s from $212.00 to $192.00 and set an “underweight” rating for the company in a report on Monday, October 12th. Zacks Research lowered shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Friday, September 25th. Finally, Wall Street Zen upgraded Alexander’s from a “hold” rating to a “buy” rating in a research report on Saturday, August 8th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $192.00.

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.