Alexander's, Inc. (NYSE:ALX - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $196.00 and last traded at $198.08, with a volume of 2322 shares trading hands. The stock had previously closed at $198.18.
Alexander's Stock Up 0.9 %
The business has a fifty day moving average of $218.95 and a 200-day moving average of $225.69. The stock has a market cap of $1.02 billion, a PE ratio of 21.64 and a beta of 0.83. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21.
Alexander's Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were issued a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 annualized dividend and a dividend yield of 9.00%. Alexander's's payout ratio is currently 194.81%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALX. Franklin Resources Inc. lifted its position in shares of Alexander's by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 52 shares during the period. Principal Financial Group Inc. lifted its stake in shares of Alexander's by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust's stock worth $224,000 after purchasing an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company boosted its position in 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 valued at $290,000 after purchasing an additional 86 shares in the last quarter. Rhumbline Advisers boosted its position in Alexander's by 2.6% during the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust's stock valued at $782,000 after purchasing an additional 87 shares in the last quarter. Finally, Inspire Investing LLC grew its stake in Alexander's by 7.2% in the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust's stock valued at $407,000 after purchasing an additional 113 shares during the last quarter. 31.99% of the stock is currently 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.
Recommended Stories
Before you consider Alexander's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alexander's wasn't on the list.
While Alexander's currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Click the link below and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
