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

Key Points

• Alexander’s declared a quarterly dividend of $4.50 per share, payable November 20 to shareholders of record on November 9. The dividend annualizes to $18.00 per share, representing a 7.2% yield.
• Shares opened at $248.66, with a market capitalization of approximately $1.27 billion and a 52-week range of $201.28 to $289.43.
• In its latest quarterly results, Alexander’s reported EPS of $3.02, slightly exceeding analyst expectations of $3.00, while revenue of $54.71 million also topped estimates.

Alexander's, Inc. (NYSE:ALX - Get Free Report) announced a quarterly dividend on Wednesday, October 28th. Shareholders of record on Monday, November 9th will be given 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 yield of 7.2%. The ex-dividend date of this dividend is Monday, November 9th.

Alexander's Stock Performance

Shares of ALX opened at $248.66 on Thursday. The business's 50 day moving average is $251.53 and its two-hundred day moving average is $251.37. Alexander's has a 52-week low of $201.28 and a 52-week high of $289.43. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 7.52 and a beta of 0.80. The company has a quick ratio of 16.78, a current ratio of 16.78 and a debt-to-equity ratio of 3.73.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, August 3rd. The real estate investment trust reported $3.02 EPS for the quarter, beating the consensus estimate of $3.00 by $0.02. The company had revenue of $54.71 million during the quarter, compared to analysts' expectations of $54.10 million. Alexander's had a return on equity of 123.09% and a net margin of 79.06%. Analysts forecast that Alexander's will post 16.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Alexander's

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Asset Management One Co. Ltd. boosted its position in Alexander's by 8.9% during the 3rd quarter. Asset Management One Co. Ltd. now owns 2,985 shares of the real estate investment trust's stock worth $736,000 after acquiring an additional 244 shares during the period. Park Avenue Securities LLC increased its holdings in shares of Alexander's by 49.7% during the third quarter. Park Avenue Securities LLC now owns 3,999 shares of the real estate investment trust's stock valued at $986,000 after purchasing an additional 1,327 shares during the period. Inspire Investing LLC increased its holdings in shares of Alexander's by 6.1% during the third quarter. Inspire Investing LLC now owns 2,567 shares of the real estate investment trust's stock valued at $633,000 after purchasing an additional 147 shares during the period. Compass Wealth Management LLC acquired a new position in shares of Alexander's during the third quarter valued at $25,000. Finally, Nisa Investment Advisors LLC increased its holdings in shares of Alexander's by 64.5% during the third quarter. Nisa Investment Advisors LLC now owns 125 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 49 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

About Alexander's

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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