Alexander's Stock Forecast, Price & News

Alexander's' stock was trading at $306.55 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, ALX stock has decreased by 8.8% and is now trading at $279.68.
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1 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Alexander's in the last year. There are currently 1 hold rating for the stock. The consensus among Wall Street analysts is that investors should "hold" Alexander's stock. A hold rating indicates that analysts believe investors should maintain any existing positions they have in ALX, but not buy additional shares or sell existing shares.
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Wall Street analysts have given Alexander's a "Hold" rating, but there may be better short-term opportunities in the market. Some of MarketBeat's past winning trading ideas have resulted in 5-15% weekly gains. MarketBeat just released five new trading ideas, but Alexander's wasn't one of them. MarketBeat thinks these five stocks may be even better buys.
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Alexander's is scheduled to release its next quarterly earnings announcement on Tuesday, February 16th 2021.
View our earnings forecast for Alexander's.

Alexander's, Inc. (NYSE:ALX) posted its quarterly earnings data on Monday, November, 2nd. The real estate investment trust reported $1.29 EPS for the quarter, beating analysts' consensus estimates of $1.22 by $0.07. Alexander's had a net margin of 19.07% and a trailing twelve-month return on equity of 16.46%.
View Alexander's' earnings history.

Alexander's announced a quarterly dividend on Wednesday, January 20th. Stockholders of record on Monday, February 1st will be given a dividend of $4.50 per share on Friday, February 12th. This represents a $18.00 annualized dividend and a yield of 6.44%. The ex-dividend date of this dividend is Friday, January 29th.
View Alexander's' dividend history.

Alexander's pays an annual dividend of $18.00 per share and currently has a dividend yield of 6.44%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. Alexander's does not yet have a strock track record of dividend growth. The dividend payout ratio of Alexander's is 92.45%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, Alexander's will have a dividend payout ratio of 120.00% in the coming year. This indicates that Alexander's may not be able to sustain their current dividend.
View Alexander's' dividend history.

1 equities research analysts have issued 1 year target prices for Alexander's' shares. Their forecasts range from $280.00 to $280.00. On average, they expect Alexander's' share price to reach $280.00 in the next year. This suggests a possible upside of 0.1% from the stock's current price.
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Some companies that are related to Alexander's include Simon Property Group (SPG), Realty Income (O), Kimco Realty (KIM), National Retail Properties (NNN), Federal Realty Investment Trust (FRT), Agree Realty (ADC), Weingarten Realty Investors (WRI), Taubman Centers (TCO), The Macerich (MAC), Retail Properties of America (RPAI), Retail Opportunity Investments (ROIC), Kite Realty Group Trust (KRG), Acadia Realty Trust (AKR), Tanger Factory Outlet Centers (SKT) and Getty Realty (GTY).
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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 Co. (ATH.TO) (ATH), Precision Drilling Co. (PD.TO) (PD), Och-Ziff Capital Management Group (OZM) and Gran Tierra Energy Inc. (GTE.TO) (GTE).

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

Alexander's' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Denali Advisors LLC (0.02%). Company insiders that own Alexander's stock include (Debbie) Goodin Debra and Russell B Wight Jr.
View institutional ownership trends for Alexander's.

ALX stock was sold by a variety of institutional investors in the last quarter, including Denali Advisors LLC.
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Shares of ALX 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.

One share of ALX stock can currently be purchased for approximately $279.68.

Alexander's has a market capitalization of $1.43 billion and generates $226.35 million in revenue each year. The real estate investment trust earns $60.08 million in net income (profit) each year or $19.47 on an earnings per share basis. Alexander's employs 69 workers across the globe.

The official website for Alexander's is www.alx-inc.com.

Alexander's' mailing address is 210 ROUTE 4 EAST, PARAMUS NJ, 07652. The real estate investment trust can be reached via phone at 201-587-8541.