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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, July 31st, Wall Street Journal reports. Shareholders of record on Monday, August 12th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, August 30th. This represents a $18.00 annualized dividend and a yield of 7.66%. The ex-dividend date is Monday, August 12th.

Alexander’s Trading Down 3.0 %

ALX traded down $7.21 during midday trading on Thursday, hitting $235.09. The company’s stock had a trading volume of 10,567 shares, compared to its average volume of 10,276. The company has a current ratio of 14.35, a quick ratio of 14.35 and a debt-to-equity ratio of 4.75. The firm has a market cap of $1.23 billion, a P/E ratio of 11.23 and a beta of 0.81. The firm has a 50-day moving average price of $222.12 and a two-hundred day moving average price of $219.13. Alexander’s has a 52-week low of $162.50 and a 52-week high of $244.89.

Wall Street Analysts Forecast Growth

ALX has been the topic of several research analyst reports. Piper Sandler reduced 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 raised Alexander’s from a “hold” rating to a “buy” rating in a research note on Tuesday.

About Alexander’s

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