Streetbeat News

ALX

Alexander's, Inc.

Industry

REIT - Retail

Alexander's, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

Open

216.90

Mkt cap

1.1B

Volume

7.6K

High

217.72

P/E Ratio

23.50

52-wk high

251.63

Low

216.20

Div yield

0.10

52-wk low

182.59

The article discusses the importance of relative strength in selecting retail REITs and highlights five with strong performance, dividend yields, and growth. Alexander's Inc. (ALX) leads with a 15.56% return, followed by Macerich Co. (MAC), Realty Income Corp. (O), Agree Realty Corp. (ADC), and NetSTREIT Corp. (NTST). Analyst ratings and dividend information for these REITs are provided, along with their recent acquisitions and financial results.

Portfolio Pulse from Ethan Roberts

January 10, 2024 | 3:29 pm

Analysts have downgraded several REITs, potentially signaling a shift in momentum after a strong five-week run. Vornado Realty Trust (VNO) was downgraded by Evercore ISI Group from In-Line to Underperform with a raised price target. National Storage Affiliates Trust (NSA), CubeSmart (CUBE), Equity Residential (EQR), Gaming and Leisure Properties Inc. (GLPI), and Agree Realty Corp. (ADC) also saw downgrades from analysts with various adjustments to their price targets. Additionally, Wells Fargo downgraded three hotel REITs: Apple Hospitality REIT Inc. (APLE), Diamondrock Hospitality Co. (DRH), and Sunstone Hotel Investors Inc. (SHO).

Portfolio Pulse from Ethan Roberts

December 11, 2023 | 8:12 pm

The article discusses value stocks in the real estate sector, focusing on companies with low price-to-earnings (P/E) multiples, suggesting potential undervaluation. Notable stocks mentioned include Comstock Holding Co (CHCI), Franklin BSP Realty Trust (FBRT), Alexander's (ALX), Landsea Homes (LSEA), and Presidio Property Trust (SQFT). The article provides recent earnings per share (EPS) data and dividend yields, indicating significant increases in EPS for CHCI and dividend yields for FBRT and ALX.

Portfolio Pulse from Benzinga Insights

November 20, 2023 | 2:39 pm

Alexander's (NYSE:ALX) has announced a quarterly dividend of $4.5 per share, which will be paid out to shareholders on November 17, 2023. The stock will go ex-dividend on Friday, meaning it will likely open $4.5 lower than usual. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.

Portfolio Pulse from Benzinga Insights

October 31, 2023 | 2:46 pm

Alexander's Inc. (ALX) shares are trading higher following the company's report of a year-over-year increase in rental sales results.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 2:29 pm

Alexander's (NYSE:ALX) reported a 17.5% decrease in quarterly FFO per share, down from $4.40 YoY to $3.63. However, the company's rental sales increased by 3.13% to $55.41 million from $53.73 million YoY.

Portfolio Pulse from Benzinga Newsdesk

October 30, 2023 | 12:29 pm

Benzinga Insights has identified Forestar Group, Hersha Hospitality, Sotherly Hotels, Arbor Realty Trust, and Alexander's as notable value stocks in the real estate sector. The selection is based on low P/E multiples and recent earnings per share and dividend yield reports.

Portfolio Pulse from Benzinga Insights

October 02, 2023 | 2:39 pm

Alexander's (NYSE:ALX) is set to deliver a dividend payout of $4.50 per share, equating to an annualized dividend yield of 9.71%. The company has maintained a consistent dividend per share of $18.00 from 2019 to 2022. However, there has been a decrease in Alexander's earnings per share from $19.38 in 2019 to $17.20 in 2022, which may impact future dividend payments.

Portfolio Pulse from Benzinga Insights

August 18, 2023 | 3:05 pm

The article provides an overview of value stocks in the real estate sector, highlighting five companies: Ladder Cap, Sotherly Hotels, Hersha Hospitality, Alexander's, and Tricon Residential. The companies are evaluated based on their P/E multiples and recent earnings per share. Ladder Cap and Alexander's have seen a decrease in their earnings per share and dividend yield, while Sotherly Hotels, Hersha Hospitality, and Tricon Residential have seen a decrease in earnings per share but an increase in dividend yield.

Portfolio Pulse from Benzinga Insights

August 07, 2023 | 2:39 pm

Alexander's (NYSE:ALX) reported a decrease in Q2 FFO per share from $4.32 last year to $3.55 this year, a 17.82% decrease. However, the company beat sales estimates with $53.67M, a 1.46% increase over the consensus estimate of $52.90M and a 7.73% increase YoY.

Portfolio Pulse from Benzinga Newsdesk

July 31, 2023 | 12:54 pm

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