Alexander's - ALX Stock Forecast, Price & News

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

1 Wall Street analysts have issued 1-year price targets for Alexander's' shares. Their ALX share price forecasts range from $270.00 to $270.00. On average, they expect the company's share price to reach $270.00 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts price targets for ALX or view top-rated stocks among Wall Street analysts.

Alexander's' stock was trading at $260.30 at the start of the year. Since then, ALX stock has decreased by 0.1% and is now trading at $260.13.
View the best growth stocks for 2022 here.

Alexander's saw a drop in short interest in the month of July. As of July 31st, there was short interest totaling 139,000 shares, a drop of 12.2% from the July 15th total of 158,400 shares. Based on an average daily trading volume, of 10,900 shares, the days-to-cover ratio is presently 12.8 days. Currently, 6.6% of the shares of the company are sold short.
View Alexander's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, November 7th 2022.
View our ALX earnings forecast.

Alexander's, Inc. (NYSE:ALX) released its quarterly earnings results on Monday, May, 3rd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.02 by $1.53. Alexander's had a net margin of 59.95% and a trailing twelve-month return on equity of 48.77%.

Alexander's declared a quarterly dividend on Thursday, July 28th. Investors of record on Monday, August 8th will be paid a dividend of $4.50 per share on Friday, August 19th. This represents a $18.00 dividend on an annualized basis and a yield of 6.92%. The ex-dividend date of this dividend is Friday, August 5th.
Read our dividend analysis for ALX.

Alexander's (NYSE:ALX) pays an annual dividend of $18.00 per share and currently has a dividend yield of 6.95%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 77.85%. 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 135.85% 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 investors include Renaissance Technologies LLC (2.05%), JPMorgan Chase & Co. (0.00%), Northern Trust Corp (0.44%), Deutsche Bank AG (0.00%), Mutual of America Capital Management LLC (0.15%) and LDR Capital Management LLC (0.00%).
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 $260.13.

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.