Alexander's (NYSE:ALX) Sees Strong Trading Volume - Time to Buy?

Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 17,819 shares changed hands during trading, an increase of 26% from the previous session's volume of 14,190 shares.The stock last traded at $223.67 and had previously closed at $220.36.

Alexander's Trading Up 1.7%

The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18. The company's 50 day moving average is $209.23 and its 200 day moving average is $206.94. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 27.08 and a beta of 0.78.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, May 5th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping analysts' consensus estimates of $3.57 by $0.49. The business had revenue of $54.92 million for the quarter, compared to the consensus estimate of $56.00 million. Alexander's had a return on equity of 21.45% and a net margin of 19.19%. On average, research analysts forecast that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were paid a $4.50 dividend. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.86%. Alexander's's payout ratio is 233.16%.

Institutional Investors Weigh In On Alexander's

A number of institutional investors have recently bought and sold shares of ALX. Citadel Advisors LLC bought a new position in shares of Alexander's during the 4th quarter worth about $684,000. BNP Paribas Financial Markets raised its position in Alexander's by 75.7% in the fourth quarter. BNP Paribas Financial Markets now owns 3,090 shares of the real estate investment trust's stock worth $618,000 after purchasing an additional 1,331 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Alexander's during the fourth quarter worth about $480,000. Northern Trust Corp boosted its holdings in Alexander's by 12.4% during 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 in the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Alexander's during the fourth quarter valued at approximately $311,000. 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.