Alexander's (NYSE:ALX) Shares Gap Up - Here's What Happened

Alexander's, Inc. (NYSE:ALX - Get Free Report)'s share price gapped up prior to trading on Tuesday . The stock had previously closed at $197.89, but opened at $218.26. Alexander's shares last traded at $203.47, with a volume of 274 shares trading hands.

Alexander's Price Performance

The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 24.16 and a beta of 0.82. The stock's fifty day moving average price is $207.94 and its 200-day moving average price is $209.88.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate 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, equities research analysts forecast that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.

Alexander's Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $4.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 8.89%. Alexander's's dividend payout ratio is currently 212.77%.

Institutional Trading of Alexander's

A number of large investors have recently made changes to their positions in the company. State Street Corp boosted its holdings in Alexander's by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust's stock valued at $14,086,000 after purchasing an additional 927 shares in the last quarter. Geode Capital Management LLC increased its holdings in Alexander's by 1.2% in the 4th quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock valued at $11,593,000 after purchasing an additional 687 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Alexander's by 5.3% in the fourth 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 period. Denali Advisors LLC raised its holdings in shares of Alexander's by 9.3% during the 4th quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust's stock valued at $5,865,000 after buying an additional 2,502 shares during the period. Finally, Northern Trust Corp boosted its holdings in Alexander's by 12.4% in the 4th quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust's stock worth $4,486,000 after acquiring an additional 2,466 shares during the period. 31.99% of the stock is owned by institutional investors and hedge funds.

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.

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