Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) hit a new 52-week low during trading on Monday . The company traded as low as $192.00 and last traded at $192.33, with a volume of 9577 shares traded. The stock had previously closed at $199.46.
Alexander's Price Performance
The company's fifty day moving average is $215.42 and its 200 day moving average is $224.99. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm has a market cap of $982.23 million, a price-to-earnings ratio of 20.81 and a beta of 0.84.
Alexander's Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.36%. Alexander's's dividend payout ratio (DPR) is presently 194.81%.
Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in ALX. Ballentine Partners LLC acquired a new stake in Alexander's in the third quarter valued at $205,000. SG Americas Securities LLC acquired a new position in shares of Alexander's during the 3rd quarter worth approximately $215,000. Franklin Resources Inc. raised its stake in Alexander's by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock valued at $225,000 after acquiring an additional 52 shares during the period. Principal Financial Group Inc. increased 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 valued at $224,000 after purchasing an additional 73 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised 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 valued at $290,000 after purchasing an additional 86 shares during the period. Institutional investors and hedge funds 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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