Alexander’s (ALX) Receiving Somewhat Favorable News Coverage, Accern Reports
Press coverage about Alexander’s (NYSE:ALX) has been trending somewhat positive recently, Accern reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Alexander’s earned a media sentiment score of 0.14 on Accern’s scale. Accern also gave news coverage about the real estate investment trust an impact score of 46.7624284375165 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Here are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- IHS Markit Score upgrades Alexander's Inc to 85 out of 100, ranking positively in two out of four IHS Markit categories. (finance.yahoo.com)
- Alexander’s Inc (finance.yahoo.com)
- IHS Markit Score downgrades Alexander's Inc to 62 out of 100, ranking positively in two out of three available IHS Markit categories. (finance.yahoo.com)
- See what the IHS Markit Score report has to say about Alexander's Inc. (finance.yahoo.com)
Separately, BidaskClub raised Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.
Alexander’s (NYSE ALX) traded down 1.07% during mid-day trading on Friday, hitting $410.62. The stock had a trading volume of 4,407 shares. Alexander’s has a 12-month low of $369.33 and a 12-month high of $451.99. The stock has a market cap of $2.10 billion, a price-to-earnings ratio of 24.70 and a beta of 0.66. The company has a 50-day moving average of $424.86 and a 200-day moving average of $425.07.
Alexander’s (NYSE:ALX) last posted its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by $0.11. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. The company had revenue of $57.19 million for the quarter. On average, analysts anticipate that Alexander’s will post $23.23 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Monday, August 7th will be issued a $4.25 dividend. This represents a $17.00 dividend on an annualized basis and a yield of 4.14%. The ex-dividend date is Thursday, August 3rd. Alexander’s’s dividend payout ratio (DPR) is 102.29%.
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Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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