Alexander’s (NYSE:ALX) Sees Unusually-High Trading Volume – Time to Buy?

Alexander’s, Inc. (NYSE:ALX) shares saw unusually-high trading volume on Thursday . Approximately 12,855 shares traded hands during mid-day trading, an increase of 9% from the previous session’s volume of 11,814 shares.The stock last traded at $215.35 and had previously closed at $209.79.

Alexander’s Price Performance

The stock has a market capitalization of $1.09 billion, a PE ratio of 25.14 and a beta of 0.83. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. The stock’s fifty day moving average is $203.93 and its 200-day moving average is $214.90.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping the consensus estimate 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 predict that Alexander’s, Inc. will post 11.5 earnings per share for the current fiscal 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 issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 8.45%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s payout ratio is 212.77%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC lifted its position in shares of Alexander’s by 20.5% in the third quarter. Penserra Capital Management LLC now owns 4,554 shares of the real estate investment trust’s stock valued at $1,103,000 after acquiring an additional 775 shares in the last quarter. FMR LLC grew its holdings in shares of Alexander’s by 17.1% during the third quarter. FMR LLC now owns 3,484 shares of the real estate investment trust’s stock worth $844,000 after buying an additional 510 shares in the last quarter. State Street Corp grew its holdings in shares of Alexander’s by 1.6% during the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after buying an additional 927 shares in the last quarter. Jane Street Group LLC raised its position in shares of Alexander’s by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 3,543 shares during the last quarter. Finally, Zacks Investment Management purchased a new position in shares of Alexander’s in the third quarter worth about $3,148,000. Institutional investors and hedge funds own 31.99% of the company’s stock.

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).