Alexander’s (NYSE:ALX) Sets New 52-Week Low – Here’s Why

Alexander’s, Inc. (NYSE:ALX) shares reached a new 52-week low on Monday . The stock traded as low as $196.00 and last traded at $198.08, with a volume of 2322 shares changing hands. The stock had previously closed at $198.18.

Alexander’s Price Performance

The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm’s fifty day moving average price is $217.79 and its two-hundred day moving average price is $225.50. The stock has a market capitalization of $1.02 billion, a PE ratio of 21.65 and a beta of 0.83.

Alexander’s Dividend Announcement

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

Institutional Trading of Alexander’s

Large investors have recently modified their holdings of the company. Principal Financial Group Inc. lifted its holdings in Alexander’s by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 73 shares during the period. Rhumbline Advisers increased its position in shares of Alexander’s by 2.6% during 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 during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Alexander’s by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock valued at $7,812,000 after purchasing an additional 413 shares during the last quarter. Denali Advisors LLC lifted its stake in shares of Alexander’s by 51.2% in the 2nd quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock worth $4,385,000 after purchasing an additional 6,600 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its holdings in shares of Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after buying an additional 86 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

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).