Alexander's, Inc. (NYSE:ALX) Short Interest Update

Alexander's, Inc. (NYSE:ALX - Get Free Report) was the target of a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 156,600 shares, a growth of 17.9% from the February 13th total of 132,800 shares. Currently, 7.4% of the company's stock are sold short. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is currently 10.9 days.

Institutional Investors Weigh In On Alexander's

Hedge funds and other institutional investors have recently modified their holdings of the company. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the fourth quarter worth $28,000. AlphaQuest LLC purchased a new stake in Alexander's during the 4th quarter worth about $154,000. Resona Asset Management Co. Ltd. acquired a new position in shares of Alexander's during the 4th quarter worth about $163,000. Franklin Resources Inc. increased its holdings 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 valued at $225,000 after acquiring an additional 52 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Alexander's by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust's stock worth $201,000 after acquiring an additional 342 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander's Stock Down 0.7 %

NYSE:ALX traded down $1.43 during midday trading on Friday, reaching $213.22. The company had a trading volume of 15,421 shares, compared to its average volume of 11,794. Alexander's has a 12-month low of $184.76 and a 12-month high of $251.63. The firm has a market capitalization of $1.09 billion, a price-to-earnings ratio of 25.20 and a beta of 0.83. 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 stock's fifty day simple moving average is $202.57 and its 200-day simple moving average is $215.27.

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Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating 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%. On average, sell-side analysts anticipate that Alexander's will post 11.5 earnings per share for the current fiscal year.

Alexander's Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.44%. The ex-dividend date was Tuesday, February 18th. Alexander's's dividend payout ratio (DPR) is presently 212.77%.

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.