Alexander’s, Inc. (NYSE:ALX) Sees Significant Increase in Short Interest

Alexander’s, Inc. (NYSE:ALX) was the recipient of a significant growth in short interest in the month of December. As of December 15th, there was short interest totalling 126,500 shares, a growth of 9.6% from the November 30th total of 115,400 shares. Based on an average daily volume of 12,200 shares, the days-to-cover ratio is presently 10.4 days. Approximately 6.0% of the shares of the company are short sold.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. increased its holdings in shares of Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares in the last quarter. Principal Financial Group Inc. increased its position in shares of Alexander’s by 7.9% during the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 73 shares in the last quarter. The Manufacturers Life Insurance Company raised its stake in Alexander’s by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 86 shares during the last quarter. Rhumbline Advisers lifted its holdings in Alexander’s by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after purchasing an additional 87 shares in the last quarter. Finally, Inspire Investing LLC boosted its stake in Alexander’s by 7.2% during the 3rd quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 113 shares during the last quarter. 31.99% of the stock is currently owned by institutional investors and hedge funds.

Alexander’s Stock Performance

NYSE:ALX traded up $0.10 during midday trading on Wednesday, hitting $200.06. The company’s stock had a trading volume of 32,927 shares, compared to its average volume of 11,075. Alexander’s has a fifty-two week low of $196.00 and a fifty-two week high of $251.63. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The firm has a market cap of $1.02 billion, a P/E ratio of 21.65 and a beta of 0.83. The firm’s 50 day moving average is $217.79 and its 200-day moving average is $225.50.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were paid a $4.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.00%. Alexander’s’s payout ratio is currently 194.81%.

About Alexander’s

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).