Alexander's (NYSE:ALX - Get Free Report) released its quarterly earnings data on Monday. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.49, Zacks reports. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. Alexander's had a return on equity of 21.45% and a net margin of 19.19%.
Alexander's Stock Performance
Shares of ALX traded up $2.99 during trading hours on Friday, hitting $214.80. The company had a trading volume of 22,831 shares, compared to its average volume of 13,167. Alexander's has a 12 month low of $184.76 and a 12 month high of $251.63. The firm has a market cap of $1.10 billion, a price-to-earnings ratio of 25.39 and a beta of 0.78. The business has a fifty day moving average of $207.95 and a 200-day moving average of $208.04. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59.
Alexander's Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 30th. Shareholders of record on Monday, May 12th will be issued a $4.50 dividend. The ex-dividend date is Monday, May 12th. This represents a $18.00 annualized dividend and a dividend yield of 8.38%. Alexander's's dividend payout ratio is currently 233.16%.
About Alexander's
(
Get Free Report)
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.
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