Alexander's, Inc. (NYSE:ALX - Get Free Report)'s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $216.74 and traded as low as $202.77. Alexander's shares last traded at $204.61, with a volume of 7,881 shares traded.
Alexander's Trading Down 0.6 %
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 stock has a market cap of $1.10 billion, a price-to-earnings ratio of 25.38 and a beta of 0.84. The business has a 50-day simple moving average of $196.88 and a two-hundred day simple moving average of $216.64.
Alexander's (NYSE:ALX - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.35. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. Equities analysts forecast that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.
Alexander's Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $4.50 dividend. The ex-dividend date is Tuesday, February 18th. This represents a $18.00 annualized dividend and a yield of 8.38%. Alexander's's dividend payout ratio (DPR) is presently 212.77%.
Institutional Inflows and Outflows
Large investors have recently added to or reduced their stakes in the company. Millennium Management LLC boosted its position in shares of Alexander's by 277.0% in the fourth quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust's stock valued at $1,470,000 after acquiring an additional 5,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Alexander's by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust's stock valued at $11,365,000 after purchasing an additional 2,861 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the 4th quarter worth approximately $28,000. Citadel Advisors LLC bought a new position in shares of Alexander's during the fourth quarter worth approximately $684,000. Finally, Bank of America Corp DE raised 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 buying an additional 718 shares in the last quarter. Institutional investors 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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