Alexander’s (ALX) Set to Announce Earnings on Monday

Alexander’s (NYSE:ALX) is scheduled to announce its earnings results before the market opens on Monday, November 4th. Analysts expect the company to announce earnings of $2.57 per share for the quarter.

Alexander’s Price Performance

Alexander’s stock opened at $226.45 on Friday. The company has a debt-to-equity ratio of 5.09, a current ratio of 12.66 and a quick ratio of 12.66. Alexander’s has a one year low of $182.59 and a one year high of $251.63. The firm has a market capitalization of $1.16 billion, a P/E ratio of 22.55 and a beta of 0.82. The business has a fifty day moving average price of $233.42 and a 200-day moving average price of $224.76.

Alexander’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Monday, November 11th will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 7.95%. The ex-dividend date is Friday, November 8th. Alexander’s’s payout ratio is presently 179.28%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ALX. Piper Sandler cut their price objective on shares of Alexander’s from $135.00 to $125.00 and set an “underweight” rating for the company in a research report on Tuesday, August 6th. StockNews.com cut shares of Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 7th.

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).