Alexander’s (ALX) Earns Coverage Optimism Rating of 0.01
Headlines about Alexander’s (NYSE:ALX) have trended somewhat positive on Tuesday, according to Accern Sentiment. The research firm identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Alexander’s earned a daily sentiment score of 0.01 on Accern’s scale. Accern also assigned headlines about the real estate investment trust an impact score of 46.0436625944133 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Separately, BidaskClub lowered Alexander’s from a “sell” rating to a “strong sell” rating in a research note on Wednesday, August 16th.
Alexander’s (NYSE ALX) traded down $8.43 during midday trading on Tuesday, hitting $405.31. The stock had a trading volume of 8,742 shares, compared to its average volume of 6,895. Alexander’s has a 12 month low of $404.00 and a 12 month high of $451.99. The company has a debt-to-equity ratio of 3.63, a quick ratio of 15.74 and a current ratio of 15.74. The company has a market cap of $2,143.82, a price-to-earnings ratio of 18.45 and a beta of 0.70.
The business also recently announced a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 6th were paid a $4.25 dividend. This represents a $17.00 dividend on an annualized basis and a dividend yield of 4.19%. The ex-dividend date was Friday, November 3rd. Alexander’s’s dividend payout ratio (DPR) is presently 103.16%.
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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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