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

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, October 29th. Shareholders of record on Monday, November 10th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, November 28th. This represents a c) dividend on an annualized basis and a yield of 7.7%. The ex-dividend date is Monday, November 10th.

Alexander’s Stock Up 2.1%

ALX opened at $232.70 on Friday. Alexander’s has a twelve month low of $184.76 and a twelve month high of $260.84. The stock has a market capitalization of $1.19 billion, a price-to-earnings ratio of 31.96 and a beta of 0.86. The company has a quick ratio of 9.78, a current ratio of 9.78 and a debt-to-equity ratio of 6.79. The firm has a 50 day moving average price of $234.05 and a 200-day moving average price of $229.02.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, November 3rd. The real estate investment trust reported $2.91 EPS for the quarter, beating analysts’ consensus estimates of $2.50 by $0.41. Alexander’s had a return on equity of 22.12% and a net margin of 17.14%.The firm had revenue of $53.42 million for the quarter, compared to analyst estimates of $51.60 million. Equities research analysts forecast that Alexander’s will post 11.5 earnings per share for the current year.

Alexander’s Company Profile

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).