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

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders 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 dividend yield of 7.93%. The ex-dividend date is Friday, November 8th.

Alexander’s Stock Performance

Alexander’s stock opened at $227.03 on Friday. Alexander’s has a 1-year low of $182.59 and a 1-year high of $251.63. The company has a current ratio of 12.66, a quick ratio of 12.66 and a debt-to-equity ratio of 5.09. The firm has a market capitalization of $1.16 billion, a PE ratio of 10.85 and a beta of 0.82. The firm’s 50 day simple moving average is $233.42 and its 200 day simple moving average is $224.74.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. StockNews.com cut shares of Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th. 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 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).