Alexander’s, Inc. Declares Quarterly Dividend of $4.50 per Share

Alexander’s, Inc. declared a $4.50 quarterly dividend, payable February 28, 2025, to shareholders of record on February 18, 2025.

Quiver AI Summary

Alexander's, Inc. (NYSE: ALX) announced a quarterly dividend of $4.50 per share, set to be paid on February 28, 2025, to stockholders recorded by February 18, 2025. The company, which operates as a real estate investment trust with five properties in New York City, emphasized that some statements in the release are forward-looking and subject to risks and uncertainties, including impacts from interest rate increases and inflation on their business and tenants. The company highlights that future performance may differ from these expectations and refers readers to their Annual Report for additional factors influencing their outlook.

Potential Positives

• The declaration of a regular quarterly dividend of $4.50 per share demonstrates the company's commitment to returning value to its shareholders.
• Paying the dividend on February 28, 2025, indicates the company’s strong cash flow position and financial stability.
• The dividend announcement may enhance investor confidence in Alexander’s, Inc. as a stable investment, attracting potential investors.

Potential Negatives

• The press release highlights significant risks associated with forward-looking statements, indicating that future results may differ materially due to factors such as increased interest rates and inflation, which could negatively impact the company's performance.
• The need for extensive caution regarding the unpredictability of financial performance suggests underlying instability in the company's operational environment, which may concern investors.
• The reference to external economic factors affecting tenants raises concerns about potential revenue declines, further complicating the company's financial outlook.

FAQ

What is the declared quarterly dividend for Alexander’s, Inc.?

The Board of Directors has declared a quarterly dividend of $4.50 per share.

When will the dividend be payable?

The dividend will be payable on February 28, 2025.

What is the record date for the dividend?

The record date for stockholders to receive the dividend is February 18, 2025.

What type of company is Alexander’s, Inc.?

Alexander’s, Inc. is a real estate investment trust (REIT) with five properties in New York City.

Where can I find more information on risk factors?

More information on risk factors can be found in "Item 1A. Risk Factors" of the Annual Report on Form 10-K for 2023.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$ALX Hedge Fund Activity

We have seen 48 institutional investors add shares of $ALX stock to their portfolio, and 49 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

• LASRY MARC removed 20,526 shares (-53.1%) from their portfolio in Q3 2024, for an estimated $4,974,681
• BANK OF NEW YORK MELLON CORP removed 13,536 shares (-49.0%) from their portfolio in Q4 2024, for an estimated $2,708,012
• ZACKS INVESTMENT MANAGEMENT added 12,990 shares (+inf%) to their portfolio in Q3 2024, for an estimated $3,148,256
• GRANITESHARES ADVISORS LLC removed 10,474 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $2,095,428
• BLACKROCK, INC. added 6,718 shares (+3.8%) to their portfolio in Q3 2024, for an estimated $1,628,174
• FIRST TRUST ADVISORS LP added 6,489 shares (+97.1%) to their portfolio in Q3 2024, for an estimated $1,572,674
• GOLDMAN SACHS GROUP INC removed 4,851 shares (-1.3%) from their portfolio in Q3 2024, for an estimated $1,175,688

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

Full Release

PARAMUS, N.J., Feb. 05, 2025 (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 February 28, 2025 to stockholders of record on February 18, 2025.

Alexander’s, Inc. is a real estate investment trust that has five properties in New York City.

CONTACT:



GARY HANSEN


(201) 587-8541

Certain statements contained herein constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. Currently, some of the factors are the increase in interest rates and inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2023. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.