Alexander’s, Inc. (ALX) To Go Ex-Dividend on November 8th

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, October 30th, Wall Street Journal reports. Stockholders of record on Monday, November 11th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, November 29th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.83%. The ex-dividend date is Friday, November 8th.

Alexander’s Trading Up 3.8 %

Alexander’s stock opened at $230.00 on Wednesday. The company has a debt-to-equity ratio of 5.09, a quick ratio of 12.66 and a current ratio of 12.66. The stock has a market cap of $1.18 billion, a PE ratio of 24.89 and a beta of 0.83. The stock has a 50-day moving average of $232.88 and a two-hundred day moving average of $225.33. Alexander’s has a one year low of $182.59 and a one year high of $251.63.

Wall Street Analyst Weigh In

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

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).