Alexander’s (NYSE:ALX) Announces Quarterly Earnings Results

Alexander’s (NYSE:ALX) released its earnings results on Monday. The real estate investment trust reported $4.06 earnings per share for the quarter, beating the consensus estimate 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 3.0 %

NYSE:ALX opened at $192.13 on Tuesday. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. Alexander’s has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The stock’s 50-day moving average is $199.03 and its two-hundred day moving average is $218.61. The stock has a market cap of $981.21 million, a PE ratio of 20.79 and a beta of 0.84.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be paid a dividend of $4.50 per share. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 9.37%. Alexander’s’s dividend payout ratio (DPR) is presently 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).