Alexander’s (ALX) Scheduled to Post Quarterly Earnings on Monday

Alexander’s (NYSE:ALX) will be posting its quarterly earnings results before the market opens on Monday, November 4th. Analysts expect Alexander’s to post earnings of $2.57 per share for the quarter.

Alexander’s Stock Down 0.6 %

ALX stock opened at $225.31 on Monday. The stock has a market cap of $1.15 billion, a PE ratio of 10.77 and a beta of 0.82. The firm’s 50-day simple moving average is $233.15 and its 200 day simple moving average is $224.58. Alexander’s has a fifty-two week low of $179.25 and a fifty-two week high of $251.63. The company has a quick ratio of 12.66, a current ratio of 12.66 and a debt-to-equity ratio of 5.09.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 12th were paid a $4.50 dividend. The ex-dividend date was Monday, August 12th. This represents a $18.00 annualized dividend and a dividend yield of 7.99%. Alexander’s’s payout ratio is currently 86.04%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. StockNews.com downgraded Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler cut their price objective on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 6th.

About Alexander’s

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).