Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $197.00 and last traded at $199.49, with a volume of 13864 shares trading hands. The stock had previously closed at $202.89.
Alexander's Stock Performance
The firm has a market cap of $1.03 billion, a P/E ratio of 21.75 and a beta of 0.83. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The stock's 50-day moving average is $220.87 and its 200 day moving average is $225.93.
Alexander's Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date was Friday, November 8th. Alexander's's dividend payout ratio is currently 194.81%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Alexander's by 7.1% during 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 during the period. Principal Financial Group Inc. lifted its holdings in shares of Alexander's by 11.5% in the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust's stock valued at $270,000 after purchasing an additional 115 shares in the last quarter. GraniteShares Advisors LLC boosted its position in shares of Alexander's by 14.3% during the second quarter. GraniteShares Advisors LLC now owns 8,768 shares of the real estate investment trust's stock worth $1,972,000 after buying an additional 1,096 shares during the period. Zacks Investment Management bought a new position in shares of Alexander's during the third quarter worth about $3,148,000. Finally, SG Americas Securities LLC acquired a new stake in Alexander's in the 3rd quarter valued at approximately $215,000. Institutional investors own 31.99% of the company's stock.
About Alexander's
(
Get Free Report)
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.
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