Somewhat Positive Media Coverage Somewhat Unlikely to Affect Alexander’s (ALX) Stock Price

Media stories about Alexander’s (NYSE:ALX) have been trending somewhat positive recently, according to Accern Sentiment Analysis. The research group rates the sentiment of media coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Alexander’s earned a news sentiment score of 0.06 on Accern’s scale. Accern also assigned news stories about the real estate investment trust an impact score of 46.1295809883765 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

Here are some of the media headlines that may have effected Accern Sentiment’s analysis:

Alexander’s (NYSE ALX) traded up $8.62 on Thursday, reaching $420.10. 7,550 shares of the company were exchanged, compared to its average volume of 6,925. The firm has a market cap of $2,093.92, a price-to-earnings ratio of 18.02 and a beta of 0.69. Alexander’s has a 1-year low of $397.20 and a 1-year 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 also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 6th will be issued a dividend of $4.25 per share. This represents a $17.00 dividend on an annualized basis and a yield of 4.05%. The ex-dividend date is Friday, November 3rd. Alexander’s’s payout ratio is 103.16%.

Separately, BidaskClub raised shares of Alexander’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.

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About Alexander’s

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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