Alexander’s (NYSE:ALX) Posts Quarterly Earnings Results

Alexander’s (NYSE:ALX) announced its earnings results on Monday. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate of $3.71 by $0.35, Zacks reports. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%.

Alexander’s Stock Performance

ALX stock opened at $197.41 on Wednesday. Alexander’s has a 52 week low of $184.76 and a 52 week high of $251.63. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The firm has a 50 day simple moving average of $198.54 and a 200 day simple moving average of $218.30. The stock has a market cap of $1.01 billion, a P/E ratio of 21.36 and a beta of 0.84.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 9.12%. The ex-dividend date is Tuesday, February 18th. Alexander’s’s dividend payout ratio is currently 194.81%.

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).