Alexander's, Inc. (NYSE:ALX) Short Interest Up 9.6% in December

Alexander's, Inc. (NYSE:ALX - Get Free Report) was the target of a large increase in short interest in December. As of December 15th, there was short interest totalling 126,500 shares, an increase of 9.6% from the November 30th total of 115,400 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is currently 10.4 days. Currently, 6.0% of the company's stock are sold short.

Alexander's Stock Performance

NYSE:ALX traded up $0.10 during mid-day trading on Tuesday, hitting $200.06. The stock had a trading volume of 32,927 shares, compared to its average volume of 11,075. The company has a 50 day simple moving average of $218.37 and a 200-day simple moving average of $225.59. The stock has a market capitalization of $1.02 billion, a price-to-earnings ratio of 21.65 and a beta of 0.83. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. Alexander's has a 52 week low of $196.00 and a 52 week high of $251.63.

Alexander's Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were paid a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.00%. Alexander's's dividend payout ratio is presently 194.81%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Ballentine Partners LLC purchased a new stake in shares of Alexander's during the third quarter valued at $205,000. SG Americas Securities LLC purchased a new stake in Alexander's during the third quarter valued at about $215,000. Principal Financial Group Inc. boosted its holdings in shares of Alexander's by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust's stock worth $224,000 after buying an additional 73 shares during the period. Franklin Resources Inc. increased its position in shares of Alexander's by 5.6% in the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock worth $225,000 after acquiring an additional 52 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its position in shares of Alexander's by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust's stock worth $290,000 after acquiring an additional 86 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

About Alexander's

Alexander's, Inc NYSE: ALX is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander's refer to Alexander's, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) NYSE: VNO.