Alexander’s, Inc. (ALX) Declares Quarterly Dividend of $4.25

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Thursday, July 27th, Wall Street Journal reports. Stockholders of record on Monday, August 7th will be given a dividend of 4.25 per share by the real estate investment trust on Friday, August 18th. This represents a $17.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, August 3rd.

Alexander’s has increased its dividend payment by an average of 13.3% per year over the last three years and has raised its dividend annually for the last 7 consecutive years.

Alexander’s (NYSE:ALX) traded down 1.07% during mid-day trading on Friday, hitting $410.62. 4,407 shares of the stock traded hands. 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 PE 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 announced its earnings results on Monday, July 31st. The real estate investment trust reported $5.60 EPS for the quarter, missing analysts’ consensus estimates of $5.71 by $0.11. The business had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 37.16% and a return on equity of 24.22%. Equities research analysts forecast that Alexander’s will post $23.23 earnings per share for the current year.

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Separately, BidaskClub upgraded shares of Alexander’s from a “strong sell” rating to a “sell” rating in a research report on Wednesday, July 19th.

About Alexander’s

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.

Dividend History for Alexander`s (NYSE:ALX)

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