Alexander’s (NYSE:ALX) Posts Earnings Results, Beats Expectations By $0.35 EPS

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

Alexander’s Stock Performance

Shares of NYSE:ALX opened at $192.13 on Tuesday. Alexander’s has a twelve month low of $184.76 and a twelve month high of $251.63. The firm has a market cap of $981.21 million, a PE ratio of 20.79 and a beta of 0.84. 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 business has a fifty day moving average of $199.03 and a 200-day moving average of $218.61.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th will be paid a $4.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.37%. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

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).