Alexander's, Inc. (NYSE:ALX - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 67,321 shares were traded during trading, an increase of 228% from the previous session's volume of 20,548 shares.The stock last traded at $231.99 and had previously closed at $232.83.
Alexander's Stock Performance
The company has a debt-to-equity ratio of 6.06, a quick ratio of 11.19 and a current ratio of 11.19. The firm's 50 day moving average price is $222.97 and its 200-day moving average price is $209.26. The firm has a market capitalization of $1.20 billion, a PE ratio of 30.43 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 for the quarter, topping the consensus estimate 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 the consensus estimate of $56.00 million. On average, research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current year.
Alexander's Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a dividend yield of 7.67%. Alexander's's dividend payout ratio (DPR) is presently 233.16%.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of the stock. Nuveen LLC acquired a new stake in Alexander's in the 1st quarter valued at about $62,118,000. H 2 Credit Manager LP acquired a new stake in Alexander's in the 1st quarter valued at about $13,663,000. Voss Capital LP acquired a new stake in Alexander's in the 1st quarter valued at about $3,600,000. Goldman Sachs Group Inc. raised its holdings in Alexander's by 3.5% in the 1st quarter. Goldman Sachs Group Inc. now owns 355,152 shares of the real estate investment trust's stock valued at $74,284,000 after acquiring an additional 12,060 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Alexander's by 17.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,499 shares of the real estate investment trust's stock valued at $13,909,000 after acquiring an additional 9,689 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company's stock.
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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