Alexander’s (NYSE:ALX) Announces Earnings Results

Alexander’s (NYSE:ALX) posted its quarterly earnings results on Monday. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35, Zacks reports. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%.

Alexander’s Stock Up 2.7 %

Shares of NYSE:ALX opened at $197.41 on Wednesday. Alexander’s has a 52 week low of $184.76 and a 52 week high of $251.63. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The company’s fifty day moving average is $198.54 and its 200-day moving average is $218.30. The company has a market capitalization of $1.01 billion, a PE ratio of 21.36 and a beta of 0.84.

Alexander’s Announces Dividend

The firm also recently declared 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 is Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 9.12%. Alexander’s’s dividend payout ratio is currently 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).