Alexander's Inc. engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company was founded in 1955 and is based in Paramus, New Jersey.
ALX Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for ALX, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Alexanders Inc ranked in the 22th percentile in terms of potential gain offered. Our DCF analysis suggests the stock is overvalued by about 69.83%. The most interesting components of our discounted cash flow analysis for Alexanders Inc ended up being:
The company's debt burden, as measured by earnings divided by interest payments, is 2.35 -- which is good for besting 55.81% of its peer stocks (US stocks in the Real Estate sector with positive cash flow).
The company's compound free cash flow growth rate over the past 4.72 years comes in at 0%; that's greater than only 24.45% of US stocks we're applying DCF forecasting to.
Alexanders Inc's effective tax rate, as measured by taxes paid relative to net income, is at 0 -- greater than just 0% of US stocks with positive free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
CSGP, DOC, CLNC, WPC, and OBAS can be thought of as valuation peers to ALX, in the sense that they are in the Real Estate sector and have a similar price forecast based on DCF valuation.
Alexander’s, Inc. (ALX) Q2 2020 Results Earnings Conference Call August 04, 2020, 10:00 AM ET Company Participants Cathy Creswell - Director, Investor Relations Steven Roth - Chairman of the Board and Chief Executive Officer Michael Franco - President Glen Weiss - Executive Vice President-Office Leasing-Co-Head of Real Estate David Greenbaum...
PARAMUS, N.J., July 29, 2020 (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 August 21, 2020 to stockholders of record on August 10, 2020. 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) 587-8541Certain 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...
Moody's Investors Service, ("Moody's") has placed Vornado Realty L.P's (Vornado Realty, or collectively ' the REIT') senior unsecured debt, debt shelf and subordinate shelf ratings under review for downgrade. In the same rating action, the debt, preferred stock, debt shelf and preferred shelf ratings of the REIT, Vornado Realty Trust, the parent of Vornado Realty LP, were also placed on review for downgrade.
PARAMUS, N.J., July 14, 2020 (GLOBE NEWSWIRE) -- ALEXANDER’S, INC. (NYSE: ALX) today announced that Vornado Realty Trust (NYSE: VNO), the manager which conducts Alexander’s operations, will host a quarterly earnings conference call and an audio webcast on Tuesday, August 4, 2020 at 10:00 a.m. Eastern Time (ET). On the call, information concerning Alexander’s may be discussed. The conference call can be accessed by dialing 888-771-4371 (domestic) or 847-585-4405 (international) and indicating to the operator the passcode 49760489. A live webcast of the conference call will be available on Vornado’s website at www.vno.com in the Investor Relations section and an online playback of the webcast will be available on the website following the conference call.Alexander’s, Inc. is a real esta...