Smart investors know that when a solid company is out of favor with Wall Street and its stock has been beaten down, it’s usually just a matter of time before the stock rebounds and the shares begin to sell in more of their usual range.
If history is any indication, one of the best ways to make long-term money in the stock market is by having the courage to buy stocks when they are largely out of favor. This is especially true of dividend stocks because when the prices decline, investors can lock in higher dividend yields for life.
Alexander's (NYSE:ALX) reported quarterly earnings of $4.13 per share. This is a 37.67 percent increase over earnings of $3.00 per share from the same period last year.