Somewhat Positive News Coverage Somewhat Unlikely to Impact Alexander's (ALX) Share Price

News headlines about Alexander's (NYSE:ALX) have trended somewhat positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by analyzing more than 20 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 nearest to one being the most favorable. Alexander's earned a news sentiment score of 0.14 on Accern’s scale. Accern also assigned news coverage about the real estate investment trust an impact score of 46.6229040067374 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Shares of Alexander's (NYSE ALX) traded up $11.32 on Friday, hitting $351.39. 15,451 shares of the stock were exchanged, compared to its average volume of 6,571. The company has a current ratio of 15.74, a quick ratio of 15.74 and a debt-to-equity ratio of 3.63. The stock has a market capitalization of $1,736.74, a price-to-earnings ratio of 21.32 and a beta of 0.61. Alexander's has a twelve month low of $332.98 and a twelve month high of $441.54.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 15th. Stockholders of record on Monday, January 29th will be given a dividend of $4.50 per share. The ex-dividend date is Friday, January 26th. This is a positive change from Alexander's’s previous quarterly dividend of $4.25. This represents a $18.00 dividend on an annualized basis and a dividend yield of 5.12%. Alexander's’s dividend payout ratio (DPR) is 109.22%.

Separately, ValuEngine lowered shares of Alexander's from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd.

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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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