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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Thursday, October 31st, 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 dividend on an annualized basis and a yield of 7.93%. The ex-dividend date is Friday, November 8th.

Alexander’s Stock Down 1.3 %

Shares of ALX traded down $2.97 during midday trading on Thursday, reaching $227.03. 10,795 shares of the stock were exchanged, compared to its average volume of 10,614. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 10.95 and a beta of 0.82. The firm has a 50 day simple moving average of $233.42 and a 200-day simple moving average of $224.74. Alexander’s has a 12-month low of $182.59 and a 12-month 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.

Analysts Set New Price Targets

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

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).