Alexander's (NYSE:ALX) Sees Large Volume Increase - What's Next?

Alexander's, Inc. (NYSE:ALX - Get Free Report) saw an uptick in trading volume on Tuesday . 67,321 shares were traded during mid-day 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 firm has a 50 day moving average of $223.47 and a 200-day moving average of $209.50. The stock has a market capitalization of $1.20 billion, a PE ratio of 30.35 and a beta of 0.85. The company has a debt-to-equity ratio of 6.06, a quick ratio of 11.19 and a current ratio of 11.19.

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

Alexander's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 30th. Shareholders of record on Monday, May 12th were given 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 yield of 7.68%. Alexander's's payout ratio is 233.16%.

Institutional Investors Weigh In On Alexander's

Hedge funds and other institutional investors have recently made changes to their positions in the company. Goldman Sachs Group Inc. raised its position in Alexander's by 3.5% during the first 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 in the last quarter. Nuveen LLC bought a new position in shares of Alexander's during the 1st quarter valued at $62,118,000. 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 valued at $13,909,000 after purchasing an additional 9,689 shares in the last quarter. H 2 Credit Manager LP bought a new position in Alexander's during the first quarter valued at about $13,663,000. Finally, Geode Capital Management LLC raised its holdings in Alexander's by 1.2% during the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust's stock valued at $11,593,000 after buying an additional 687 shares in the last quarter. 31.99% of the stock is owned by hedge funds and other 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.