Alexander's (NYSE:ALX) Sees Large Volume Increase - Time to Buy?

Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 34,565 shares were traded during trading, an increase of 48% from the previous session's volume of 23,326 shares.The stock last traded at $229.35 and had previously closed at $228.17.

Alexander's Price Performance

The company has a 50 day moving average price of $218.18 and a 200-day moving average price of $207.98. The company has a quick ratio of 11.19, a current ratio of 11.19 and a debt-to-equity ratio of 6.06. The company has a market cap of $1.15 billion, a price-to-earnings ratio of 29.07 and a beta of 0.85.

Alexander's (NYSE:ALX - Get Free Report) last released its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.57 by $0.49. The firm had revenue of $54.92 million during the quarter, compared to the consensus estimate of $56.00 million. Alexander's had a net margin of 18.03% and a return on equity of 21.34%. As a group, equities research analysts predict that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 12th were given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 8.02%. The ex-dividend date of this dividend was Monday, May 12th. Alexander's's dividend payout ratio (DPR) is presently 233.16%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the 4th quarter valued at $28,000. Strs Ohio bought a new stake in shares of Alexander's during the first quarter valued at approximately $84,000. Covestor Ltd lifted its holdings in shares of Alexander's by 4,655.6% in the 1st quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock worth $89,000 after purchasing an additional 419 shares in the last quarter. AlphaQuest LLC bought a new stake in Alexander's during the 4th quarter valued at $154,000. Finally, Resona Asset Management Co. Ltd. acquired a new position in shares of Alexander's during the fourth quarter valued at about $163,000. 31.99% of the stock is 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.