Alexander’s (NYSE:ALX) Posts Earnings Results, Beats Expectations By $0.35 EPS

Alexander’s (NYSE:ALX) issued its quarterly earnings results on Monday. The real estate investment trust reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35, Zacks reports. Alexander’s had a return on equity of 21.79% and a net margin of 20.33%.

Alexander’s Stock Performance

ALX stock traded down $3.82 during trading on Monday, reaching $194.26. 4,962 shares of the company’s stock were exchanged, compared to its average volume of 11,128. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. Alexander’s has a 1-year low of $184.76 and a 1-year high of $251.63. The company’s fifty day moving average price is $199.70 and its 200-day moving average price is $218.93. The firm has a market cap of $992.64 million, a PE ratio of 20.97 and a beta of 0.84.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a dividend of $4.50 per share. The ex-dividend date is Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 9.27%. Alexander’s’s payout ratio is currently 194.81%.

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).