Alexander’s, Inc. (ALX) to Issue Quarterly Dividend of $4.50 on November 20th

Alexander’s, Inc. (NYSE:ALX – Get Free Report) declared 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 is Monday, November 9th.

Alexander’s Price Performance

NYSE:ALX opened at $249.27 on Friday. The company has a debt-to-equity ratio of 3.73, a quick ratio of 16.78 and a current ratio of 16.78. The stock’s 50-day simple moving average is $251.04 and its 200 day simple moving average is $251.47. The company has a market cap of $1.27 billion, a P/E ratio of 7.54 and a beta of 0.80. Alexander’s has a 52-week low of $201.28 and a 52-week high of $289.43.

Alexander’s (NYSE:ALX – Get Free Report) last posted its quarterly earnings results on Monday, August 3rd. The real estate investment trust reported $3.02 earnings per share for the quarter, beating analysts’ consensus estimates of $3.00 by $0.02. Alexander’s had a return on equity of 123.09% and a net margin of 79.06%. The firm had revenue of $54.71 million during the quarter, compared to the consensus estimate of $54.10 million. As a group, sell-side analysts forecast that Alexander’s will post 16.52 EPS for the current fiscal year.

Institutional Trading of Alexander’s

Several hedge funds and other institutional investors have recently bought and sold shares of ALX. Compass Wealth Management LLC acquired a new position in shares of Alexander’s in the 3rd quarter valued at approximately $25,000. Nisa Investment Advisors LLC increased its stake in Alexander’s by 64.5% in the third quarter. Nisa Investment Advisors LLC now owns 125 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 49 shares during the last quarter. Nykredit A S acquired a new position in Alexander’s during the second quarter valued at approximately $96,000. Royal Bank of Canada increased its stake in shares of Alexander’s by 295.9% in the 1st quarter. Royal Bank of Canada now owns 479 shares of the real estate investment trust’s stock valued at $113,000 after purchasing an additional 358 shares during the last quarter. Finally, Resona Asset Management Co. Ltd. lifted its position in shares of Alexander’s by 7.9% during the 1st quarter. Resona Asset Management Co. Ltd. now owns 958 shares of the real estate investment trust’s stock worth $227,000 after buying an additional 70 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Company Profile

(Get Free Report)

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.

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Dividend History for Alexander's (NYSE:ALX)

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