Stock market today: S&P 500 hits fresh record close on stronger economic growth
Alexanders Inc (NYSE:ALX) stock reached a significant milestone by hitting a 52-week high of 251.88 USD, capping an impressive six-month rally of 36.18%. According to InvestingPro analysis, the stock appears overvalued at current levels, with technical indicators suggesting overbought conditions. This achievement reflects a positive trend for the company, with a notable 14.31% return over the past year. The stock’s performance has been supported by a robust dividend yield of 7.25% and a 16-year streak of consistent dividend payments. Trading at a P/E ratio of 32.56, investors have remained optimistic about Alexanders Inc, though InvestingPro subscribers have access to 8 additional key insights about the company’s valuation and growth prospects.
In other recent news, Vornado Realty Trust (NYSE:VNO) reported its financial performance for the first quarter of 2025, emphasizing stable funds from operations (FFO) and strong leasing activity. The company’s comparable FFO saw a slight increase, supported by strategic leasing initiatives in New York City, which continue to enhance its competitive position. Meanwhile, Alexanders Inc. held its 2025 Annual Meeting of Stockholders, where two key proposals were voted upon. Shareholders approved the election of Steven Roth and Wendy A. Silverstein to the company’s Board of Directors for a three-year term. Roth received 4,340,326 votes in favor, while Silverstein garnered 4,419,673 votes. Approximately 94.87% of Alexanders Inc.’s outstanding shares were present or represented by proxy at the meeting. These developments reflect ongoing strategic efforts by both companies to maintain their market positions and governance structures.
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