Alexander’s, Inc. (ALX) to Issue Quarterly Dividend of $4.50 on November 29th

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Monday, November 11th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, November 29th. This represents a $18.00 annualized dividend and a yield of 7.93%. The ex-dividend date is Friday, November 8th.

Alexander’s Stock Performance

NYSE:ALX opened at $227.03 on Friday. The company has a market capitalization of $1.16 billion, a P/E ratio of 10.85 and a beta of 0.82. The business has a fifty day simple moving average of $233.42 and a two-hundred day simple moving average of $224.74. The company has a debt-to-equity ratio of 5.09, a current ratio of 12.66 and a quick ratio of 12.66. Alexander’s has a 1 year low of $182.59 and a 1 year high of $251.63.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ALX. Piper Sandler decreased their price objective on Alexander’s from $135.00 to $125.00 and set an “underweight” rating for the company in a report on Tuesday, August 6th. StockNews.com downgraded shares of Alexander’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 7th.

Alexander’s Company Profile

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).