Alexander's (NYSE:ALX) Releases Earnings Results, Misses Estimates By $2.17 EPS

Alexander's (NYSE:ALX - Get Free Report) issued its quarterly earnings data on Monday. The real estate investment trust reported $0.91 EPS for the quarter, missing the consensus estimate of $3.08 by ($2.17), FiscalAI reports. Alexander's had a net margin of 9.72% and a return on equity of 16.12%. The firm had revenue of $53.41 million for the quarter, compared to analysts' expectations of $53.40 million.

Alexander's Stock Up 3.3%

Shares of NYSE ALX opened at $251.79 on Wednesday. The company has a current ratio of 8.36, a quick ratio of 8.36 and a debt-to-equity ratio of 7.60. Alexander's has a 12-month low of $201.28 and a 12-month high of $260.84. The firm's 50-day moving average price is $241.56 and its 200-day moving average price is $231.86. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of 62.95 and a beta of 0.80.

Alexander's Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 29th. Shareholders of record on Monday, May 11th will be paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date of this dividend is Monday, May 11th. Alexander's's dividend payout ratio (DPR) is presently 327.87%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ALX shares. Weiss Ratings reissued a "hold (c)" rating on shares of Alexander's in a report on Monday, April 20th. Zacks Research downgraded Alexander's from a "strong-buy" rating to a "hold" rating in a report on Tuesday, March 3rd. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock presently has an average rating of "Hold".

Hedge Funds Weigh In On Alexander's

Institutional investors and hedge funds have recently modified their holdings of the stock. Goldman Sachs Group Inc. grew its holdings in Alexander's by 3.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust's stock valued at $74,284,000 after purchasing an additional 12,060 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Alexander's by 5.9% in the second quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 70,391 shares of the real estate investment trust's stock worth $15,860,000 after purchasing an additional 3,892 shares during the last quarter. Geode Capital Management LLC lifted its stake in Alexander's by 0.4% in the fourth quarter. Geode Capital Management LLC now owns 57,402 shares of the real estate investment trust's stock worth $12,512,000 after purchasing an additional 234 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Alexander's by 626.7% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 43,600 shares of the real estate investment trust's stock valued at $9,502,000 after buying an additional 37,600 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Alexander's by 29.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 40,218 shares of the real estate investment trust's stock valued at $8,765,000 after buying an additional 9,067 shares during the period. Hedge funds and other institutional investors own 31.99% of the company's stock.

About Alexander's

Alexander's NYSE: ALX is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company's portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander's seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander's transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.