Core Viewpoint - The article discusses the potential investment opportunities in high-yield dividend stocks that are currently out of favor with Wall Street analysts, suggesting that these stocks may be worth investigating for contrarian investors [1][2]. Group 1: High-Yield Dividend Stocks - Seven dividend-paying stocks with yields up to 12.9% are highlighted, all of which are disliked by Wall Street analysts, indicating a potential contrarian investment opportunity [2]. - Xerox (XRX) offers a 7.2% yield, but its dividend has remained stagnant at $0.25 per share since 2017, reflecting a lack of growth and a prolonged downtrend in stock value, losing 25% in 2024 [3]. - Western Union (WU) has a 7.1% yield and has struggled against competitors, with a frozen dividend for several years. Despite a challenging outlook, shares have increased by 25% from spring 2023 lows, and the company is showing signs of progress with its "Evolve 2025" initiative [4][5]. - Alexander's (ALX) is an office REIT with an 8.3% yield, which has seen its stock value drop significantly due to COVID-19. The company has improved its funds from operations (FFO) coverage in Q1 2024, indicating potential recovery [6][7]. - Peakstone Realty Trust (PKST) has a 6.0% yield and has faced a nearly 60% decline since going public in April 2023. The company is repositioning its portfolio, which may improve its long-term prospects [8][9]. - National Storage Affiliates Trust (NSA) also has a 6.0% yield and has been affected by high home prices and interest rates. However, its dividend is well-covered at 89% of estimated 2024 FFO, and stock prices have been gradually improving [10]. - Buckle (BKE) offers a 10.0% yield but has a bearish analyst sentiment with one Hold and one Sell. Despite weaker operations, the company is expected to resume profit growth next fiscal year [11]. - Prospect Capital (PSEC) has a 12.9% yield but a poor track record with multiple dividend cuts. It trades at a significant discount to NAV, indicating deep value pricing despite analyst pessimism [12].

分组1 - Alexander's reported quarterly funds from operations (FFO) of $4.98 per share, missing the Zacks Consensus Estimate of $6.41 per share, and showing an increase from $3.63 per share a year ago, resulting in an FFO surprise of -22.31% [1] - The company posted revenues of $61.4 million for the quarter ended March 2024, missing the Zacks Consensus Estimate by 13.40%, compared to year-ago revenues of $52.94 million [1] - Over the last four quarters, Alexander's has surpassed consensus FFO estimates two times and topped consensus revenue estimates three times [1] 分组2 - The stock has added about 0.1% since the beginning of the year, underperforming the S&P 500's gain of 7.5% [2] - The current consensus FFO estimate for the coming quarter is $2.87 on $54.9 million in revenues, and for the current fiscal year, it is $14.86 on $235.5 million in revenues [4] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 40% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4]

Core Insights - Alexander's, Inc. reported a net income of $16.1 million, or $3.14 per diluted share, for the quarter ended March 31, 2024, an increase from $11.2 million, or $2.19 per diluted share, for the same quarter in 2023 [1][3] - Funds from operations (FFO) for the quarter was $25.5 million, or $4.98 per diluted share, compared to $18.6 million, or $3.63 per diluted share, for the quarter ended March 31, 2023 [1][3] - The company operates as a real estate investment trust (REIT) with five properties located in New York City [1] Financial Performance - Revenues for the quarter ended March 31, 2024, were $61.4 million, up from $52.9 million in the same quarter of 2023 [3][4] - The weighted average shares outstanding for basic and diluted calculations were 5,130,678 for both 2024 and 2023 [3][4] - Depreciation and amortization of real property for the quarter was $9.4 million, compared to $7.4 million in the previous year [4]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark one) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended: March 31, 2024 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15 (d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from: to Commission File Number: 001-06064 ALEXANDERS INC (Exact name of registrant as specified in its charter) Delaware 51-0100517 | --- | --- | |-------------- ...

NEW YORK, May 06, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. today announced an 11-year lease extension agreement with Bloomberg LP which will begin at the expiration of the existing lease in 2029, continuing a long-standing headquarters presence at 731 Lexington Avenue through 2040. Bloomberg, which relocated its global headquarters to the tower upon its completion, will continue to occupy all 946,815 square feet of office space in the building. The company's headquarters at 731 Lexington remains its large ...

PARAMUS, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Alexander's, Inc. (NYSE:ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 6, 2024, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE:VNO), the manager which conducts Alexander's operations, announced it will host its quarterly earnings conference call and an audio webcast o ...

PARAMUS, N.J., April 25, 2024 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that it will file its quarterly report on Form 10-Q for the quarter ended March 31, 2024 with the U.S. Securities and Exchange Commission and issue its first quarter earnings release on Monday, May 6, 2024, before the New York Stock Exchange opens. Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, announced it will host its quarterly earnings conference call and an audio webcast ...

Core Viewpoint - Alexander's Inc (ALX) has maintained a strong dividend yield of 8.8% and reported a fiscal 2023 FFO of $81.1 million, which is above its peer group median by approximately 9% [2][3] Financial Performance - ALX declared a quarterly dividend of $4.9250 per share, with a total return of 23% over the last year [2] - The fourth quarter FFO was $25.6 million, or $4.99 per share, which covered the recent dividend by 111% [3] - ALX's cash and cash equivalents stood at $532 million at the end of the fourth quarter, with an additional $21.12 million in restricted cash [3] Asset Overview - The most significant asset is the 731 Lexington Avenue office, fully leased to Bloomberg, accounting for 38.2% of ALX's total portfolio [4] - The property has a weighted average escalated rent of $135.44 per square foot and is not set for lease expiration until 2029 [4] Debt and Interest Management - ALX has $500 million in debt tied to the 731 Lexington property due on June 11, 2024, with an interest rate of 6.00% [5] - Another $502 million in debt is due in 2025, which may increase interest expenses [5] - The REIT has utilized interest rate swaps and caps to manage interest exposure, maintaining stable cash from operations [5] Market Conditions - The Federal Reserve's actions regarding interest rates are critical for ALX, with current expectations for only one rate cut through 2024 [7][9] - The occupancy rate of the 731 Lexington property remains at 100%, which, along with a strong cash position, mitigates some risks [10]

Here are three stocks added to the Zacks Rank #5 (Strong Sell) List today:Alexander's, Inc. (ALX) is a real estate investment trust. The Zacks Consensus Estimate for its current year earnings has been revised 5.9% downward over the last 60 days.Atlanticus Holdings Corporation (ATLC) is a financial technology company. The Zacks Consensus Estimate for its current year earnings has been revised 8.3% downward over the last 60 days.Dime Community Bancshares, Inc. (DCOM) is a holding company for Dime Community Ba ...

分组1 - Alexander's reported quarterly funds from operations (FFO) of $4.99 per share, missing the Zacks Consensus Estimate of $5.95 per share, but showing an increase from $4.03 per share a year ago, resulting in an FFO surprise of -16.13% [1] - The company posted revenues of $62.94 million for the quarter ended December 2023, surpassing the Zacks Consensus Estimate by 13.60%, compared to year-ago revenues of $53.05 million [1] - Over the last four quarters, Alexander's has surpassed consensus revenue estimates three times [1] 分组2 - The current consensus FFO estimate for the coming quarter is $6.06 on revenues of $55.4 million, and for the current fiscal year, it is $15.79 on revenues of $221.7 million [4] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the top 43% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [4] - Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions, with Alexander's currently holding a Zacks Rank 3 (Hold) [3]