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

Alexander's' stock was trading at $213.57 at the start of the year. Since then, ALX stock has decreased by 3.0% and is now trading at $207.10.
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Alexander's saw a drop in short interest during the month of March. As of March 31st, there was short interest totaling 106,700 shares, a drop of 6.7% from the March 15th total of 114,400 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 12.1 days. Approximately 5.0% of the shares of the stock are short sold.
View Alexander's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, May 6th 2024.
View our ALX earnings forecast.

Alexander's, Inc. (NYSE:ALX) posted its earnings results on Monday, May, 3rd. The real estate investment trust reported $3.49 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $5.02 by $1.53. Alexander's had a net margin of 45.53% and a trailing twelve-month return on equity of 41.97%.

Alexander's declared a quarterly dividend on Wednesday, February 7th. Stockholders of record on Tuesday, February 20th will be given a dividend of $4.50 per share on Friday, March 1st. This represents a $18.00 annualized dividend and a dividend yield of 8.69%. The ex-dividend date of this dividend is Friday, February 16th.
Read our dividend analysis for ALX.

Alexander's (NYSE:ALX) pays an annual dividend of $18.00 per share and currently has a dividend yield of 8.44%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 90.14%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, ALX will have a dividend payout ratio of 190.68% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALX.

ETFs with the largest weight of Alexander's (NYSE:ALX) stock in their portfolio include GraniteShares HIPS US High Income ETF (HIPS), Global SuperDividend US ETF (DIV) and ClearBridge Sustainable Infrastructure ETF (INFR).Hoya Capital High Dividend Yield ETF (RIET).

1 employees have rated Alexander's Chief Executive Officer Steven Roth on Glassdoor.com. Steven Roth has an approval rating of 100% among the company's employees. This puts Steven Roth in the top 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other 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), Athabasca Oil (ATH), Precision Drilling (PD), Och-Ziff Capital Management Group (OZM) and Gran Tierra Energy (GTE).

Alexander's' stock is owned by a variety of institutional and retail investors. Top institutional investors include Los Angeles Capital Management LLC (0.23%).
View institutional ownership trends.

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.
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