Alexander's (NYSE:ALX) Sees Unusually-High Trading Volume - Here's What Happened

Alexander's, Inc. (NYSE:ALX - Get Free Report) saw an uptick in trading volume on Tuesday . 16,218 shares were traded during trading, an increase of 44% from the previous session's volume of 11,247 shares.The stock last traded at $192.03 and had previously closed at $190.83.

Alexander's Stock Performance

The company has a market capitalization of $998.07 million, a PE ratio of 21.15 and a beta of 0.84. 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 company has a 50 day moving average price of $207.11 and a 200 day moving average price of $222.54.

Alexander's (NYSE:ALX - Get Free Report) last announced its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $1.30 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.57 by ($1.27). Alexander's had a return on equity of 21.79% and a net margin of 20.33%. The firm had revenue of $55.68 million for the quarter, compared to the consensus estimate of $53.50 million. During the same quarter last year, the business earned $3.63 earnings per share. Equities analysts forecast that Alexander's, Inc. will post 14.84 EPS for the current year.

Alexander's Dividend Announcement

The company 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. This represents a $18.00 annualized dividend and a yield of 9.21%. The ex-dividend date was Friday, November 8th. Alexander's's dividend payout ratio (DPR) is presently 194.81%.

Hedge Funds Weigh In On Alexander's

Large investors have recently added to or reduced their stakes in the company. Barclays PLC increased its position in Alexander's by 369.7% in the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust's stock worth $869,000 after buying an additional 2,821 shares during the period. Jane Street Group LLC increased its position in Alexander's by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust's stock worth $1,387,000 after buying an additional 3,543 shares during the period. Franklin Resources Inc. increased its position in 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 buying an additional 52 shares during the period. The Manufacturers Life Insurance Company increased its position in 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 buying an additional 86 shares during the period. Finally, Principal Financial Group Inc. increased its position in 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 worth $270,000 after buying an additional 115 shares during the period. 31.99% of the stock is currently owned by institutional investors.

Alexander's Company Profile

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.