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

Alexander’s (NYSE:ALX) released its earnings results on Monday. The real estate investment trust reported $4.06 EPS for the quarter, beating the consensus estimate 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 Down 2.2 %

Shares of ALX stock traded down $4.32 during trading hours on Monday, hitting $193.75. 4,481 shares of the company were exchanged, compared to its average volume of 11,110. 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’s 50-day simple moving average is $199.70 and its two-hundred day simple moving average is $218.93. Alexander’s has a one year low of $184.76 and a one year high of $251.63. The stock has a market capitalization of $990.06 million, a price-to-earnings ratio of 20.97 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. Investors of record on Tuesday, February 18th will be paid a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 9.29%. The ex-dividend date is Tuesday, February 18th. Alexander’s’s dividend payout ratio (DPR) is 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).