Alexander’s (ALX) Scheduled to Post Quarterly Earnings on Monday

Alexander’s (NYSE:ALX) is set to release its earnings data before the market opens on Monday, May 6th. Analysts expect Alexander’s to post earnings of $6.41 per share for the quarter. Parties interested in listening to the company’s conference call can do so using this link.

Alexander’s Stock Down 2.1 %

Shares of ALX stock opened at $212.76 on Friday. The company’s fifty day moving average price is $214.20 and its 200-day moving average price is $207.46. Alexander’s has a one year low of $155.60 and a one year high of $235.85. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 10.84 and a beta of 0.77. The company has a debt-to-equity ratio of 4.60, a current ratio of 13.22 and a quick ratio of 13.22.

Alexander’s Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Monday, May 13th will be issued a $4.50 dividend. The ex-dividend date is Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.46%. Alexander’s’s dividend payout ratio is currently 90.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Alexander’s Company Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.