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

1 Wall Street research 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 research analysts is that investors should "sell" ALX shares.
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1 equities research analysts have issued 1-year price targets for Alexander's' stock. Their ALX share price targets range from $145.00 to $145.00. On average, they expect the company's share price to reach $145.00 in the next year. This suggests that the stock has a possible downside of 33.5%.
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Alexander's' stock was trading at $213.57 at the beginning of 2024. Since then, ALX shares have increased by 2.1% and is now trading at $218.14.
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The company is scheduled to release its next quarterly earnings announcement on Monday, July 29th 2024.
View our ALX earnings forecast.

Alexander's, Inc. (NYSE:ALX) posted its earnings results on Monday, May, 3rd. The real estate investment trust reported $3.49 earnings per share for the quarter, missing analysts' consensus estimates of $5.02 by $1.53. Alexander's had a net margin of 45.97% and a trailing twelve-month return on equity of 43.56%.

Alexander's declared a quarterly dividend on Wednesday, May 1st. Shareholders of record on Monday, May 13th will be paid a dividend of $4.50 per share on Friday, May 31st. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.25%. The ex-dividend date of this dividend is Friday, May 10th.
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 8.25%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 86.04%. 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 203.39% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALX.

ETFs with the largest weight of Alexander's (NYSE:ALX) stock in their portfolio include 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).

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 Xtrackers California Municipal Bond ETF (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' stock is owned by many different retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (6.41%), Mirae Asset Global Investments Co. Ltd. (1.19%), Denali Advisors LLC (0.25%), Los Angeles Capital Management LLC (0.23%), GraniteShares Advisors LLC (0.15%) and BNP Paribas Financial Markets (0.07%).
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Shares of ALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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