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

1 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Alexander's in the last year. There are currently 1 sell rating for the stock. The consensus among Wall Street research analysts is that investors should "sell" ALX shares.
View ALX analyst ratings or view top-rated stocks.

1 analysts have issued 12-month target prices for Alexander's' shares. Their ALX share price forecasts range from $160.00 to $160.00. On average, they expect the company's stock price to reach $160.00 in the next year. This suggests that the stock has a possible downside of 0.9%.
View analysts price targets for ALX or view top-rated stocks among Wall Street analysts.

Alexander's' stock was trading at $220.06 on January 1st, 2023. Since then, ALX stock has decreased by 26.6% and is now trading at $161.43.
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Alexander's saw a increase in short interest in the month of April. As of April 30th, there was short interest totaling 172,400 shares, an increase of 12.1% from the April 15th total of 153,800 shares. Based on an average daily volume of 10,300 shares, the short-interest ratio is currently 16.7 days. Approximately 8.1% of the shares of the company are sold short.
View Alexander's' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Monday, August 7th 2023.
View our ALX earnings forecast.

Alexander's, Inc. (NYSE:ALX) announced its quarterly earnings data on Monday, May, 3rd. The real estate investment trust reported $3.49 earnings per share for the quarter, missing the consensus estimate of $5.02 by $1.53. Alexander's had a trailing twelve-month return on equity of 22.74% and a net margin of 25.93%.

Alexander's declared a quarterly dividend on Wednesday, April 26th. Investors of record on Monday, May 8th will be given a dividend of $4.50 per share on Friday, May 19th. This represents a $18.00 dividend on an annualized basis and a yield of 11.15%. The ex-dividend date of this dividend is Friday, May 5th.
Read our dividend analysis for ALX.

ETFs with the largest weight of Alexander's (NYSE:ALX) stock in their portfolio include ALPS REIT Dividend Dogs ETF (RDOG), Global SuperDividend US ETF (DIV), GraniteShares HIPS US High Income ETF (HIPS), Hoya Capital High Dividend Yield ETF (RIET), WisdomTree U.S. SmallCap Quality Dividend Growth Fund (DGRS), iShares MSCI USA Small-Cap Min Vol Factor ETF (SMMV), U.S. Diversified Real Estate ETF (PPTY) and iShares Core U.S. REIT ETF (USRT).

Alexander's (NYSE:ALX) pays an annual dividend of $18.00 per share and currently has a dividend yield of 10.72%. ALX has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The dividend payout ratio is 169.81%. 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 152.93% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for ALX.

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 CA (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 trades on the New York Stock Exchange (NYSE) under the ticker symbol "ALX."

Alexander's' stock is owned by a variety of retail and institutional investors. Top institutional investors include BlackRock Inc. (3.28%), JPMorgan Chase & Co. (1.87%), Renaissance Technologies LLC (1.60%), Mirae Asset Global Investments Co. Ltd. (1.19%), State Street Corp (1.10%) and Geode Capital Management LLC (0.92%).
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 WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ALX stock can currently be purchased for approximately $161.43.

Alexander's (NYSE:ALX) has a market capitalization of $824.91 million and generates $205.81 million in revenue each year. The real estate investment trust earns $57.63 million in net income (profit) each year or $10.60 on an earnings per share basis.

Alexander's' mailing address is 210 ROUTE 4 EAST, PARAMUS NJ, 07652. The official website for the company is www.alx-inc.com. The real estate investment trust can be reached via phone at (201) 587-8541 or via fax at 201-708-6214.