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

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Thursday, August 1st, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, August 30th. This represents a $18.00 dividend on an annualized basis and a yield of 7.66%. The ex-dividend date is Monday, August 12th.

Alexander’s Stock Performance

Shares of ALX stock traded down $7.28 during trading on Thursday, reaching $235.02. 6,259 shares of the company’s stock traded hands, compared to its average volume of 10,247. The firm’s 50-day moving average is $222.12 and its 200 day moving average is $219.13. The company has a market capitalization of $1.23 billion, a P/E ratio of 11.58 and a beta of 0.81. Alexander’s has a 1 year low of $162.50 and a 1 year high of $244.89. The company has a current ratio of 14.35, a quick ratio of 14.35 and a debt-to-equity ratio of 4.75.

Analyst Ratings Changes

A number of research firms recently issued reports on ALX. Piper Sandler decreased their price objective on Alexander’s from $145.00 to $135.00 and set an “underweight” rating on the stock in a research note on Monday, July 22nd. StockNews.com upgraded Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.