Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $222.85 and traded as high as $232.16. Alexander's shares last traded at $230.73, with a volume of 10,113 shares traded.
Analyst Upgrades and Downgrades
A number of research firms recently commented on ALX. StockNews.com cut shares of Alexander's from a "buy" rating to a "hold" rating in a research note on Wednesday, August 7th. Piper Sandler decreased their price objective on shares of Alexander's from $135.00 to $125.00 and set an "underweight" rating for the company in a research note on Tuesday, August 6th.
Check Out Our Latest Stock Report on ALX
Alexander's Stock Performance
The company has a current ratio of 12.66, a quick ratio of 12.66 and a debt-to-equity ratio of 5.09. The stock has a market capitalization of $1.18 billion, a PE ratio of 11.03 and a beta of 0.82. The firm's fifty day moving average price is $231.65 and its two-hundred day moving average price is $223.01.
Alexander's Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 12th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 7.80%. The ex-dividend date was Monday, August 12th. Alexander's's payout ratio is presently 86.04%.
Institutional Investors Weigh In On Alexander's
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new stake in Alexander's during the 1st quarter worth $114,000. Allspring Global Investments Holdings LLC acquired a new position in shares of Alexander's during the 1st quarter valued at about $122,000. Daiwa Securities Group Inc. boosted its position in shares of Alexander's by 7.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust's stock valued at $151,000 after acquiring an additional 50 shares during the last quarter. Principal Financial Group Inc. acquired a new position in shares of Alexander's during the 1st quarter valued at about $201,000. Finally, SG Americas Securities LLC acquired a new position in shares of Alexander's during the 3rd quarter valued at about $215,000. Hedge funds and other 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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