Alexander’s, Inc. Plans Quarterly Dividend of $4.50 (NYSE:ALX)

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, February 4th. Stockholders of record on Tuesday, February 17th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, February 27th. This represents a c) annualized dividend and a dividend yield of 7.3%. The ex-dividend date is Tuesday, February 17th.

Alexander’s Stock Performance

NYSE ALX opened at $248.08 on Thursday. The company has a debt-to-equity ratio of 7.69, a quick ratio of 10.36 and a current ratio of 10.36. Alexander’s has a 52-week low of $189.05 and a 52-week high of $260.84. The company has a market capitalization of $1.27 billion, a PE ratio of 34.75 and a beta of 0.82. The company has a 50-day simple moving average of $226.14 and a 200 day simple moving average of $229.53.

Alexander’s (NYSE:ALX) last announced its earnings results on Monday, November 3rd. The real estate investment trust reported $2.91 EPS for the quarter, topping analysts’ consensus estimates of $2.50 by $0.41. Alexander’s had a return on equity of 23.91% and a net margin of 16.99%.The company had revenue of $53.42 million for the quarter, compared to analysts’ expectations of $51.60 million. On average, research analysts predict that Alexander’s will post 11.5 EPS for the current year.

Institutional Investors Weigh In On Alexander’s

Hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC grew its position in Alexander’s by 625.0% during the second quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 100 shares during the period. Van ECK Associates Corp purchased a new position in Alexander’s during the third quarter valued at $32,000. Cullen Frost Bankers Inc. lifted its holdings in Alexander’s by 177.8% during the second quarter. Cullen Frost Bankers Inc. now owns 200 shares of the real estate investment trust’s stock valued at $45,000 after purchasing an additional 128 shares in the last quarter. Tower Research Capital LLC TRC grew its position in shares of Alexander’s by 89.1% in the second quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock valued at $47,000 after purchasing an additional 98 shares during the period. Finally, Larson Financial Group LLC increased its stake in shares of Alexander’s by 104.0% during the third quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock worth $48,000 after purchasing an additional 104 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

About Alexander’s

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.