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Alexander's, Inc. (ALX)

NYSE - Nasdaq Real Time Price. Currency in USD
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275.00-0.50 (-0.18%)
As of 1:49PM EDT. Market open.
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Previous Close275.50
Open275.76
Bid273.11 x 900
Ask277.00 x 1100
Day's Range273.00 - 280.41
52 Week Range223.03 - 308.39
Volume20,210
Avg. Volume11,396
Market Cap1.405B
Beta (5Y Monthly)0.61
PE Ratio (TTM)25.49
EPS (TTM)10.79
Earnings DateAug 02, 2021 - Aug 06, 2021
Forward Dividend & Yield18.00 (6.43%)
Ex-Dividend DateMay 07, 2021
1y Target Est300.00
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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-26% Est. Return
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  • Alexander's (ALX) Tops Q1 FFO and Revenue Estimates
    Zacks

    Alexander's (ALX) Tops Q1 FFO and Revenue Estimates

    Alexander's (ALX) delivered FFO and revenue surprises of 0.20% and 3.41%, respectively, for the quarter ended March 2021. Do the numbers hold clues to what lies ahead for the stock?

  • Alexander’s Announces First Quarter Financial Results
    GlobeNewswire

    Alexander’s Announces First Quarter Financial Results

    PARAMUS, N.J., May 03, 2021 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (New York Stock Exchange: ALX) filed its Form 10-Q for the quarter ended March 31, 2021 today and reported: Net income for the quarter ended March 31, 2021 was $17.9 million, or $3.49 per diluted share, compared to $4.6 million, or $0.89 per diluted share for the quarter ended March 31, 2020. Funds from operations (“FFO”) (non-GAAP) for the quarter ended March 31, 2021 was $25.8 million, or $5.03 per diluted share, compared to $23.7 million, or $4.64 per diluted share for the quarter ended March 31, 2020. We have collected approximately 95% of the rent due from our tenants for the quarter ended March 31, 2021. Alexander’s, Inc. is a real estate investment trust which has seven properties in the greater New York City metropolitan area. CONTACT: MATTHEW IOCCO(201) 587-8541 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see "Risk Factors" in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, general competitive factors and the impact of the COVID-19 pandemic. (tables to follow) ALEXANDER'S, INC. FINANCIAL RESULTS FOR THE QUARTERS ENDEDMARCH 31, 2021 AND 2020 Below is a table of selected financial results. QUARTER ENDED MARCH 31,(Amounts in thousands, except share and per share amounts) 2021 2020 Revenues$56,153 $54,110 Net income$17,882 $4,572 Net income per common share – basic and diluted$3.49 $0.89 Weighted average shares outstanding - basic and diluted 5,122,206 5,118,698 FFO (non-GAAP)$25,781 $23,744 FFO per diluted share (non-GAAP)$5.03 $4.64 Weighted average shares used in computing FFO per diluted share 5,122,206 5,118,698 The following table reconciles net income to FFO (non-GAAP): QUARTER ENDED MARCH 31,(Amounts in thousands, except share and per share amounts) 2021 2020 Net income$17,882 $4,572Depreciation and amortization of real property 8,481 7,777Change in fair value of marketable securities (582) 11,395FFO (non-GAAP)$25,781 $23,744 FFO per diluted share (non-GAAP)$5.03 $4.64 Weighted average shares used in computing FFO per diluted share 5,122,206 5,118,698 FFO is computed in accordance with the definition adopted by the Board of Governors of the National Association of Real Estate Investment Trusts (“NAREIT”). NAREIT defines FFO as GAAP net income or loss adjusted to exclude net gains from sales of depreciable real estate assets, real estate impairment losses, depreciation and amortization expense from real estate assets and other specified items, including the pro rata share of such adjustments of unconsolidated subsidiaries. FFO and FFO per diluted share are used by management, investors and analysts to facilitate meaningful comparisons of operating performance between periods and among our peers because it excludes the effect of real estate depreciation and amortization and net gains on sales, which are based on historical costs and implicitly assume that the value of real estate diminishes predictably over time, rather than fluctuating based on existing market conditions. FFO does not represent cash generated from operating activities and is not necessarily indicative of cash available to fund cash requirements and should not be considered as an alternative to net income as a performance measure or cash flow as a liquidity measure. FFO may not be comparable to similarly titled measures employed by other companies. A reconciliation of net income to FFO is provided above.

  • Alexander’s Declares Quarterly $4.50 Dividend on Common Shares
    GlobeNewswire

    Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

    PARAMUS, N.J., April 28, 2021 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on May 21, 2021 to stockholders of record on May 10, 2021. Alexander’s, Inc. is a real estate investment trust that has seven properties in the greater New York City metropolitan area. CONTACT:MATTHEW IOCCO(201) 587-8541 Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially impact the outcome of our forward-looking statements and our future results and financial condition, see "Risk Factors" in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, general competitive factors and the impact of the COVID-19 pandemic.