Alexander's (NYSE:ALX) Releases Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Alexander's (NYSE:ALX - Get Free Report) announced its quarterly earnings data on Monday. The real estate investment trust reported $4.06 earnings per share for the quarter, beating the consensus estimate of $3.71 by $0.35, Zacks reports. Alexander's had a net margin of 20.33% and a return on equity of 21.79%.

Alexander's Stock Up 1.9 %

Alexander's stock traded up $3.87 during trading on Thursday, hitting $202.89. 9,504 shares of the company were exchanged, compared to its average volume of 11,904. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The business's 50 day moving average is $198.10 and its 200 day moving average is $218.17. Alexander's has a 52 week low of $184.76 and a 52 week high of $251.63. The company has a market capitalization of $1.04 billion, a P/E ratio of 21.88 and a beta of 0.84.

Alexander's Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th will be issued a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date of this dividend is Tuesday, February 18th. Alexander's's dividend payout ratio is currently 194.81%.

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.