Alexander's, Inc. (NYSE:ALX) Declares Quarterly Dividend of $4.50

Key Points

• Alexander's, Inc. declared a quarterly dividend of $4.50 per share, with an annualized dividend of $18.00 and a yield of 7.10%.
• The company's stock is currently trading at $253.43, with a market cap of $1.30 billion and a P/E ratio of 32.83.
• Hedge funds have increased their investment in Alexander's, with notable purchases from Jane Street Group LLC and Goldman Sachs Group Inc., indicating growing institutional interest.

Alexander's, Inc. (NYSE:ALX - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Stockholders of record on Monday, August 11th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.3%. The ex-dividend date of this dividend is Monday, August 11th.

Alexander's Price Performance

Shares of NYSE ALX traded down $5.84 during mid-day trading on Friday, reaching $245.35. The company's stock had a trading volume of 51,054 shares, compared to its average volume of 51,101. The firm has a market capitalization of $1.25 billion, a PE ratio of 31.78 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a current ratio of 11.19 and a quick ratio of 11.19. The stock has a fifty day moving average of $233.91 and a two-hundred day moving average of $215.40. Alexander's has a 52 week low of $184.76 and a 52 week high of $260.84.

Alexander's (NYSE:ALX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.49. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. The company had revenue of $54.92 million during the quarter, compared to analyst estimates of $56.00 million. As a group, sell-side analysts anticipate that Alexander's will post 11.5 EPS for the current fiscal 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.