Alexander's (ALX) Stock Price, News & Analysis

Company Overview

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). We have five properties in New York City.

Key Stats

• Today's Range: $237.02 to $251.63
• 50-Day Range: $210.69 to $246.40
• 52-Week Range: $162.50 to $251.63
• Volume: 39,931 shs
• Average Volume: 10,708 shs
• Market Capitalization: $1.25 billion
• P/E Ratio: 11.74
• Dividend Yield: 7.33%
• Price Target: $125.00
• Consensus Rating: Sell

Alexander's Stock Analysis - MarketRank™

Alexander's scored higher than 15% of companies evaluated by MarketBeat, and ranked 943rd out of 962 stocks in the finance sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 0.5 / 5
• Analyst Rating: Sell

Consensus Rating

Alexander's has received a consensus rating of Sell. The company's average rating score is 1.00, and is based on no buy ratings, no hold ratings, and 1 sell rating.

Amount of Analyst Coverage

Alexander's has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: -27.33%

Earnings Growth

Earnings for Alexander's are expected to decrease by -27.33% in the coming year, from $13.65 to $9.92 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Alexander's is 11.74, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 123.47.

Price to Earnings Ratio vs. Sector

The P/E ratio of Alexander's is 11.74, which means that it is trading at a less expensive P/E ratio than the Finance sector average P/E ratio of about 36.02.

Price to Book Value per Share Ratio

Alexander's has a P/B Ratio of 5.28. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 1.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

6.44% of the float of Alexander's has been sold short.

Short Interest Ratio / Days to Cover

Alexander's has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Alexander's has recently decreased by 0.65%, indicating that investor sentiment is improving.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Leadership

Alexander's is a leading dividend payer. It pays a dividend yield of 7.44%, putting its dividend yield in the top 25% of dividend-paying stocks.

Dividend Growth

Alexander's does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Alexander's is 86.04%. Payout ratios above 75% are not desirable because they may not be sustainable.

Dividend Sustainability

Based on EPS estimates, Alexander's will have a dividend payout ratio of 181.45% in the coming year. This indicates that Alexander's may not be able to sustain their current dividend.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

6.44% of the float of Alexander's has been sold short.

Short Interest Ratio / Days to Cover

Alexander's has a short interest ratio ("days to cover") of 10.3, which indicates bearish sentiment.

Change versus previous month

Short interest in Alexander's has recently decreased by 0.65%, indicating that investor sentiment is improving.

News and Social Media

• Score: 2.7 / 5
• News Sentiment: 0.88

News Sentiment

Alexander's has a news sentiment score of 0.88. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.64 average news sentiment score of Finance companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Alexander's this week, compared to 1 article on an average week.

Search Interest

Only 1 people have searched for ALX on MarketBeat in the last 30 days. This is a decrease of -75% compared to the previous 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Alexander's insiders have not sold or bought any company stock.

Percentage Held by Insiders

26.34% of the stock of Alexander's is held by insiders. A high percentage of insider ownership can be a sign of company health.

Percentage Held by Institutions

Only 31.99% of the stock of Alexander's is held by institutions.

ALX Stock Analysis - Frequently Asked Questions

How have ALX shares performed this year?

Alexander's' stock was trading at $213.57 at the start of the year. Since then, ALX stock has increased by 15.0% and is now trading at $245.58.
View the best growth stocks for 2024 here.

How were Alexander's' earnings last quarter?

Alexander's, Inc. (NYSE:ALX) posted its quarterly earnings data on Monday, February, 13th. The real estate investment trust reported $2.57 EPS for the quarter, missing the consensus estimate of $4.08 by $1.51. The real estate investment trust earned $53.05 million during the quarter, compared to analyst estimates of $51.70 million. Alexander's had a net margin of 22.10% and a trailing twelve-month return on equity of 22.11%.

Who are Alexander's' major shareholders?

Alexander's' top institutional investors include Renaissance Technologies LLC (1.27%), Dimensional Fund Advisors LP (0.68%), Bank of New York Mellon Corp and Denali Advisors LLC (0.38%).
View institutional ownership trends.

How do I buy shares of Alexander's?

Shares of ALX stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Alexander's own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Alexander's investors own include Xtrackers California Municipal Bond ETF (CA), Endologix (ELGX), BlackRock (BLK), Hawkins (HWKN), Chipotle Mexican Grill (CMG), Aegean Marine Petroleum Network (ANW) and Athabasca Oil (ATH).

Company Calendar

• Last Earnings: 2/13/2023
• Ex-Dividend for 8/30 Dividend: 8/12/2024
• Dividend Payable: 8/30/2024
• Today: 9/28/2024
• Next Earnings (Estimated): 11/04/2024
• Fiscal Year End: 12/31/2024

Industry, Sector and Symbol

• Stock Exchange: NYSE
• Sector: Finance
• Industry: Real estate investment trusts
• Sub-Industry: Retail REITs
• Current Symbol: NYSE:ALX
• CUSIP: 01475210
• CIK: 3499
• Web: www.alx-inc.com
• Phone: (201) 587-8541
• Fax: 201-708-6214
• Employees: 92
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $125.00
• High Stock Price Target: $125.00
• Low Stock Price Target: $125.00
• Potential Upside/Downside: -49.2%
• Consensus Rating: Sell
• Rating Score (0-4): 1.00
• Research Coverage: 1 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $20.92
• Trailing P/E Ratio: 11.76
• Forward P/E Ratio: 18.02
• P/E Growth: N/A
• Net Income: $102.41 million
• Net Margins: 22.10%
• Pretax Margin: 22.10%
• Return on Equity: 22.11%
• Return on Assets: 3.62%

Debt

• Debt-to-Equity Ratio: 5.09
• Current Ratio: 12.66
• Quick Ratio: 12.66

Sales & Book Value

• Annual Sales: $233.14 million
• Price / Sales: 5.39
• Cash Flow: $27.27 per share
• Price / Cash Flow: 9.02
• Book Value: $46.51 per share
• Price / Book: 5.29

Miscellaneous

• Outstanding Shares: 5,110,000
• Free Float: N/A
• Market Cap: $1.26 billion
• Optionable: Not Optionable
• Beta: 0.81