Alexander’s (NYSE:ALX) Sees Large Volume Increase – What’s Next?

Alexander’s, Inc. (NYSE:ALX) saw an uptick in trading volume on Thursday . 20,893 shares changed hands during mid-day trading, an increase of 79% from the previous session’s volume of 11,678 shares.The stock last traded at $208.21 and had previously closed at $216.06.

Alexander’s Price Performance

The firm’s fifty day moving average price is $199.72 and its 200 day moving average price is $216.10. The firm has a market capitalization of $1.09 billion, a PE ratio of 25.15 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.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. As a group, equities analysts forecast that Alexander’s, Inc. will post 11.5 earnings per share for the current year.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were given a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio is presently 212.77%.

Institutional Investors Weigh In On Alexander’s

A number of hedge funds have recently modified their holdings of the business. State Street Corp raised its position in shares of Alexander’s by 1.6% in the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after buying an additional 927 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Alexander’s by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust’s stock valued at $11,593,000 after purchasing an additional 687 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of Alexander’s by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust’s stock valued at $11,365,000 after purchasing an additional 2,861 shares during the period. Denali Advisors LLC grew its holdings in shares of Alexander’s by 9.3% in the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust’s stock valued at $5,865,000 after purchasing an additional 2,502 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Alexander’s by 12.4% in the fourth quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust’s stock valued at $4,486,000 after purchasing an additional 2,466 shares during the period. 31.99% of the stock is currently owned by institutional investors and hedge funds.

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).