Alexander's (ALX) Stock Forecast, Price & News

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alexander's in the last twelve months. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" ALX shares.
View ALX analyst ratings or view top-rated stocks.

1 brokerages have issued 12 month target prices for Alexander's' shares. Their ALX share price forecasts range from $160.00 to $160.00. On average, they expect the company's share price to reach $160.00 in the next year. This suggests that the stock has a possible downside of 13.7%.
View analysts price targets for ALX or view top-rated stocks among Wall Street analysts.

Alexander's' stock was trading at $220.06 at the beginning of 2023. Since then, ALX stock has decreased by 15.7% and is now trading at $185.50.
View the best growth stocks for 2023 here.

Alexander's saw a decline in short interest during the month of August. As of August 15th, there was short interest totaling 119,200 shares, a decline of 11.6% from the July 31st total of 134,800 shares. Based on an average trading volume of 16,800 shares, the days-to-cover ratio is currently 7.1 days. Approximately 5.6% of the shares of the stock are short sold.
View Alexander's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, October 30th 2023.
View our ALX earnings forecast.

Alexander's, Inc. (NYSE:ALX) announced its quarterly earnings data on Monday, May, 3rd. The real estate investment trust reported $3.49 EPS for the quarter, missing the consensus estimate of $5.02 by $1.53. Alexander's had a trailing twelve-month return on equity of 42.68% and a net margin of 48.58%.

Alexander's declared a quarterly dividend on Wednesday, July 26th. Stockholders of record on Monday, August 7th will be paid a dividend of $4.50 per share on Friday, August 18th. This represents a $18.00 annualized dividend and a yield of 9.70%. The ex-dividend date of this dividend is Friday, August 4th.
Read our dividend analysis for ALX.

ETFs with the largest weight of Alexander's (NYSE:ALX) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), GraniteShares HIPS US High Income ETF (HIPS), ClearBridge Sustainable Infrastructure ETF (INFR) and Global SuperDividend US ETF (DIV).Hoya Capital High Dividend Yield ETF (RIET).

Alexander's (NYSE:ALX) pays an annual dividend of $18.00 per share and currently has a dividend yield of 9.02%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 89.02%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALX will have a dividend payout ratio of 129.22% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALX.

1 employees have rated Alexander's Chief Executive Officer Steven Roth on Glassdoor.com. Steven Roth has an approval rating of 100% among the company's employees. This puts Steven Roth in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Alexander's investors own include CA (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW), Athabasca Oil (ATH), Precision Drilling (PD), Och-Ziff Capital Management Group (OZM) and Gran Tierra Energy (GTE).

Alexander's trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALX."

Alexander's' stock is owned by a number of retail and institutional investors. Top institutional shareholders include Goldman Sachs Group Inc. (5.58%), BlackRock Inc. (3.58%), JPMorgan Chase & Co. (1.89%), Renaissance Technologies LLC (1.51%), State Street Corp (1.09%) and Hotchkis & Wiley Capital Management LLC (0.99%).
View institutional ownership trends.

Shares of ALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

One share of ALX stock can currently be purchased for approximately $185.50.

Alexander's (NYSE:ALX) has a market capitalization of $947.91 million and generates $205.81 million in revenue each year. The real estate investment trust earns $57.63 million in net income (profit) each year or $20.22 on an earnings per share basis.

Alexander's' mailing address is 210 ROUTE 4 EAST, PARAMUS NJ, 07652. The official website for the company is www.alx-inc.com. The real estate investment trust can be reached via phone at (201) 587-8541 or via fax at 201-708-6214.