Alexander's, Inc. (NYSE:ALX - Get Free Report) shares saw unusually-high trading volume on Thursday . Approximately 11,262 shares were traded during mid-day trading, a decline of 4% from the previous session's volume of 11,675 shares.The stock last traded at $218.80 and had previously closed at $215.77.
Alexander's Price Performance
The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. The company's 50-day moving average price is $202.57 and its 200-day moving average price is $215.18. The company has a market cap of $1.09 billion, a P/E ratio of 25.31 and a beta of 0.83.
Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $3.71 by $0.35. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. As a group, sell-side analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.
Alexander's Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.41%. The ex-dividend date was Tuesday, February 18th. Alexander's's payout ratio is 212.77%.
Hedge Funds Weigh In On Alexander's
Several hedge funds have recently made changes to their positions in ALX. Millennium Management LLC boosted its holdings in Alexander's by 277.0% during the fourth quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust's stock worth $1,470,000 after purchasing an additional 5,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Alexander's by 5.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust's stock worth $11,365,000 after buying an additional 2,861 shares during the last quarter. Lazard Asset Management LLC bought a new position in shares of Alexander's in the 4th quarter valued at about $28,000. Citadel Advisors LLC bought a new position in shares of Alexander's in the 4th quarter valued at about $684,000. Finally, Bank of America Corp DE increased its position in shares of Alexander's by 17.5% in the fourth quarter. Bank of America Corp DE now owns 4,822 shares of the real estate investment trust's stock valued at $965,000 after acquiring an additional 718 shares during the last quarter. 31.99% of the stock is owned by institutional investors.
Alexander's Company Profile
(
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.
Further Reading
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