Alexander's, Inc. (NYSE:ALX - Get Free Report) shares saw an uptick in trading volume on Monday . 15,058 shares traded hands during mid-day trading, a decline of 43% from the previous session's volume of 26,319 shares.The stock last traded at $226.74 and had previously closed at $224.65.
Alexander's Stock Up 1.3%
The company has a current ratio of 11.19, a quick ratio of 11.19 and a debt-to-equity ratio of 6.06. The business's fifty day moving average price is $219.21 and its 200 day moving average price is $208.09. The company has a market capitalization of $1.17 billion, a P/E ratio of 29.65 and a beta of 0.85.
Alexander's (NYSE:ALX - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, topping analysts' consensus estimates of $3.57 by $0.49. Alexander's had a net margin of 18.03% and a return on equity of 21.34%. The firm had revenue of $54.92 million during the quarter, compared to analysts' expectations of $56.00 million. As a group, equities research analysts predict that Alexander's, Inc. will post 11.5 earnings per share for the current fiscal year.
Alexander's Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, May 30th. Stockholders of record on Monday, May 12th were paid a $4.50 dividend. The ex-dividend date was Monday, May 12th. This represents a $18.00 annualized dividend and a dividend yield of 7.88%. Alexander's's dividend payout ratio is presently 233.16%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of ALX. Rhumbline Advisers raised its stake in shares of Alexander's by 7.0% in the fourth quarter. Rhumbline Advisers now owns 3,555 shares of the real estate investment trust's stock worth $711,000 after acquiring an additional 234 shares during the last quarter. Principal Financial Group Inc. increased its holdings in shares of Alexander's by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock valued at $239,000 after purchasing an additional 81 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Alexander's in the fourth quarter valued at approximately $311,000. AlphaQuest LLC bought a new position in Alexander's in the 4th quarter worth approximately $154,000. Finally, KLP Kapitalforvaltning AS acquired a new position in Alexander's during the 4th quarter worth $480,000. 31.99% of the stock is owned by institutional investors and hedge funds.
Alexander's Company Profile
(
Get Free Report)
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.
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