Alexander’s (NYSE:ALX) Trading 7.9% Higher

Alexander’s, Inc. (NYSE:ALX)’s stock price rose 7.9% on Tuesday . The stock traded as high as $230.61 and last traded at $230.61. Approximately 1,846 shares were traded during trading, a decline of 79% from the average daily volume of 8,732 shares. The stock had previously closed at $213.80.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Alexander’s Trading Up 2.3 %

The company’s fifty day moving average price is $215.18 and its two-hundred day moving average price is $209.11. The company has a quick ratio of 13.22, a current ratio of 13.22 and a debt-to-equity ratio of 4.60. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 11.20 and a beta of 0.77.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be paid a $4.50 dividend. The ex-dividend date is Friday, May 10th. This represents a $18.00 annualized dividend and a dividend yield of 7.68%. Alexander’s’s dividend payout ratio (DPR) is currently 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. Bank of New York Mellon Corp increased its position in shares of Alexander’s by 5.8% during the third quarter. Bank of New York Mellon Corp now owns 31,763 shares of the real estate investment trust’s stock worth $5,788,000 after acquiring an additional 1,733 shares in the last quarter. Strs Ohio grew its holdings in shares of Alexander’s by 25.0% during the third quarter. Strs Ohio now owns 500 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 100 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in Alexander’s by 4.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,601 shares of the real estate investment trust’s stock valued at $11,590,000 after buying an additional 2,604 shares during the last quarter. Inspire Investing LLC bought a new stake in Alexander’s in the 3rd quarter valued at approximately $311,000. Finally, GraniteShares Advisors LLC boosted its position in Alexander’s by 4.0% during the 3rd quarter. GraniteShares Advisors LLC now owns 6,550 shares of the real estate investment trust’s stock worth $1,194,000 after acquiring an additional 251 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.