Alexander’s, Inc. (ALX) To Go Ex-Dividend on May 11th

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, April 29th. Investors of record on Monday, May 11th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, May 29th. This represents a c) annualized dividend and a yield of 7.1%. The ex-dividend date of this dividend is Monday, May 11th.

Alexander’s Trading Up 1.1%

Shares of ALX stock opened at $252.85 on Friday. The stock has a 50-day simple moving average of $241.38 and a 200 day simple moving average of $231.77. Alexander’s has a fifty-two week low of $201.28 and a fifty-two week high of $260.84. The stock has a market capitalization of $1.29 billion, a P/E ratio of 46.06 and a beta of 0.79. The company has a quick ratio of 8.36, a current ratio of 8.36 and a debt-to-equity ratio of 7.60.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Alexander’s in a research note on Monday, April 20th. Zacks Research cut Alexander’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Alexander’s Company Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.