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

Alexander’s (NYSE:ALX) posted its quarterly earnings data on Monday. The real estate investment trust reported $4.06 EPS for the quarter, topping 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 Trading Down 1.9 %

Shares of NYSE ALX traded down $3.82 during midday trading on Monday, hitting $194.26. The stock had a trading volume of 4,962 shares, compared to its average volume of 11,128. The company has a market capitalization of $992.64 million, a price-to-earnings ratio of 20.97 and a beta of 0.84. Alexander’s has a 1-year low of $184.76 and a 1-year high of $251.63. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The company has a fifty day moving average price of $199.70 and a 200 day moving average price of $218.93.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 9.27%. The ex-dividend date is Tuesday, February 18th. Alexander’s’s dividend 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).