Alexander's (NYSE:ALX) Sees Unusually-High Trading Volume - Here's What Happened

Shares of Alexander's, Inc. (NYSE:ALX - Get Free Report) saw unusually-high trading volume on Tuesday . Approximately 67,321 shares changed hands 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 Price Performance

The firm has a market cap of $1.18 billion, a PE ratio of 29.88 and a beta of 0.85. The firm's fifty day simple moving average is $222.51 and its two-hundred day simple moving average is $209.11. The company has a quick ratio of 11.19, a current ratio of 11.19 and a debt-to-equity ratio of 6.06.

Alexander's (NYSE:ALX - Get Free Report) last issued its 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. The company 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, research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a yield of 7.80%. 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

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Rhumbline Advisers grew its position in shares of Alexander's by 3.7% during the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock valued at $771,000 after purchasing an additional 133 shares in the last quarter. Strs Ohio purchased a new position in Alexander's during the 1st quarter valued at approximately $84,000. Jane Street Group LLC increased its stake in Alexander's by 48.3% in the 1st quarter. Jane Street Group LLC now owns 4,996 shares of the real estate investment trust's stock worth $1,045,000 after acquiring an additional 1,628 shares during the last quarter. Goldman Sachs Group Inc. increased its stake 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 worth $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 shares of Alexander's by 17.1% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 66,499 shares of the real estate investment trust's stock worth $13,909,000 after acquiring an additional 9,689 shares in the last quarter. 31.99% of the stock is currently owned by institutional investors.

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.