Alexander’s (ALX) to Release Quarterly Earnings on Monday

Alexander’s (NYSE:ALX) will be announcing its earnings results before the market opens on Monday, August 5th. Analysts expect the company to announce earnings of $2.57 per share for the quarter.

Alexander’s Trading Down 2.4 %

Shares of ALX opened at $229.50 on Friday. Alexander’s has a 12 month low of $162.50 and a 12 month high of $244.89. The stock has a fifty day moving average price of $222.97 and a 200-day moving average price of $219.30. The company has a current ratio of 14.35, a quick ratio of 14.35 and a debt-to-equity ratio of 4.75.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 12th will be issued a dividend of $4.50 per share. The ex-dividend date is Monday, August 12th. This represents a $18.00 annualized dividend and a dividend yield of 7.84%. Alexander’s’s dividend payout ratio is presently 86.04%.

Wall Street Analyst Weigh In

Several analysts have recently commented on ALX shares. StockNews.com upgraded Alexander’s from a “hold” rating to a “buy” rating in a report on Tuesday, July 30th. Piper Sandler cut their target price on Alexander’s from $145.00 to $135.00 and set an “underweight” rating on the stock in a research report on Monday, July 22nd.

Alexander’s Company Profile

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