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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, February 28th. This represents a $18.00 dividend on an annualized basis and a yield of 9.15%. The ex-dividend date is Tuesday, February 18th.

Alexander’s has increased its dividend payment by an average of 13.3% annually over the last three years.

Alexander’s Price Performance

Shares of NYSE:ALX opened at $196.72 on Friday. The business’s fifty day moving average price is $200.24 and its two-hundred day moving average price is $219.49. The stock has a market cap of $1.00 billion, a PE ratio of 21.29 and a beta of 0.84. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. Alexander’s has a one year low of $184.76 and a one year high of $251.63.

Alexander’s (NYSE:ALX) last announced its earnings results on Monday, November 4th. The real estate investment trust reported $1.30 EPS for the quarter, missing analysts’ consensus estimates of $2.57 by ($1.27). Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. The company had revenue of $55.68 million for the quarter, compared to analyst estimates of $53.50 million. During the same quarter last year, the company posted $3.63 EPS. On average, analysts forecast that Alexander’s will post 14.84 EPS for the current fiscal year.

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).