Alexander’s, Inc. (ALX) To Go Ex-Dividend on February 18th

Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be given 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 dividend yield of 8.78%. The ex-dividend date of this dividend is Tuesday, February 18th.

Alexander’s has raised its dividend by an average of 13.3% per year over the last three years.

Alexander’s Stock Up 0.3 %

Alexander’s stock opened at $204.97 on Friday. Alexander’s has a 1-year low of $184.76 and a 1-year high of $251.63. The firm has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.18 and a beta of 0.84. The firm’s fifty day moving average price is $197.49 and its two-hundred day moving average price is $217.68. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. On average, equities research analysts predict that Alexander’s will post 14.84 earnings per share 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).