Shares of Alexander's (NYSE ALX) opened at $351.39 on Friday. The company has a quick ratio of 15.74, a current ratio of 15.74 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $1,736.74, a PE ratio of 21.32 and a beta of 0.61. Alexander's has a 12 month low of $332.98 and a 12 month high of $441.54.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Investors of record on Monday, January 29th will be paid a $4.50 dividend. The ex-dividend date is Friday, January 26th. This is a boost from Alexander's’s previous quarterly dividend of $4.25. This represents a $18.00 annualized dividend and a dividend yield of 5.12%. Alexander's’s dividend payout ratio (DPR) is presently 109.22%.
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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