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

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Investors of record on Monday, November 11th will be paid 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 yield of 7.77%. The ex-dividend date of this dividend is Friday, November 8th.

Alexander’s Stock Performance

NYSE ALX opened at $231.79 on Thursday. The company’s fifty day moving average is $232.89 and its two-hundred day moving average is $225.38. Alexander’s has a 52-week low of $182.59 and a 52-week high of $251.63. The company has a debt-to-equity ratio of 5.09, a current ratio of 12.66 and a quick ratio of 12.66. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of 25.09 and a beta of 0.83.

Analyst Upgrades and Downgrades

ALX has been the topic of a number of recent research reports. StockNews.com downgraded Alexander’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 7th. Piper Sandler decreased their price objective on Alexander’s from $135.00 to $125.00 and set an “underweight” rating on the stock in a report on Tuesday, August 6th.

Alexander’s Company Profile

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).