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

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Shareholders 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 7.83%. The ex-dividend date of this dividend is Friday, November 8th.

Alexander’s Stock Up 3.8 %

ALX opened at $230.00 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 24.89 and a beta of 0.83. Alexander’s has a twelve month low of $182.59 and a twelve month high of $251.63. The company has a 50-day moving average price of $232.88 and a 200 day moving average price of $225.33. The company has a quick ratio of 12.66, a current ratio of 12.66 and a debt-to-equity ratio of 5.09.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on ALX. Piper Sandler decreased their target price on Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 6th. StockNews.com lowered shares of Alexander’s from a “buy” rating to a “hold” rating in a report 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).