Alexander’s (NYSE:ALX) Trading Up 3.3%


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Alexander’s, Inc. (NYSE:ALX)’s stock price traded up 3.3% during mid-day trading on Tuesday . The stock traded as high as $288.00 and last traded at $288.00. 207 shares were traded during trading, a decline of 98% from the average session volume of 9,970 shares. The stock had previously closed at $278.76.

A number of analysts have commented on ALX shares. TheStreet upgraded Alexander’s from a “c” rating to a “b-” rating in a research report on Monday, February 22nd. Zacks Investment Research lowered Alexander’s from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, April 20th.

The company has a quick ratio of 11.89, a current ratio of 11.90 and a debt-to-equity ratio of 5.11. The company has a market capitalization of $1.47 billion, a PE ratio of 37.79 and a beta of 0.62. The company’s 50 day moving average is $286.02 and its two-hundred day moving average is $274.65.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, May 3rd. The real estate investment trust reported $3.49 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.02 by ($1.53). Alexander’s had a net margin of 19.07% and a return on equity of 16.46%. Analysts forecast that Alexander’s, Inc. will post 14.7 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 21st. Stockholders of record on Monday, May 10th will be given a dividend of $4.50 per share. The ex-dividend date of this dividend is Friday, May 7th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 6.27%. Alexander’s’s dividend payout ratio is currently 92.45%.

A number of institutional investors have recently added to or reduced their stakes in ALX. SG Americas Securities LLC purchased a new position in shares of Alexander’s in the 4th quarter worth $125,000. Daiwa Securities Group Inc. grew its position in Alexander’s by 24.4% in the first quarter. Daiwa Securities Group Inc. now owns 510 shares of the real estate investment trust’s stock worth $141,000 after acquiring an additional 100 shares in the last quarter. State of Alaska Department of Revenue increased its stake in Alexander’s by 36.9% during the first quarter. State of Alaska Department of Revenue now owns 827 shares of the real estate investment trust’s stock worth $229,000 after acquiring an additional 223 shares during the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Alexander’s during the first quarter valued at approximately $250,000. Finally, Sei Investments Co. bought a new stake in shares of Alexander’s in the 3rd quarter valued at approximately $294,000. 35.55% of the stock is currently owned by institutional investors.

About Alexander’s (NYSE:ALX)

Alexander's, Inc is a real estate investment trust which has seven properties in the greater New York City metropolitan area.

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