Alexander's (NYSE:ALX) Sees Unusually-High Trading Volume - Should You Buy?

Alexander's, Inc. (NYSE:ALX - Get Free Report) saw unusually-strong trading volume on Tuesday . Approximately 83,241 shares were traded during trading, an increase of 389% from the previous session's volume of 17,031 shares.The stock last traded at $226.97 and had previously closed at $226.46.

Alexander's Trading Up 0.3%

The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. The firm's 50 day simple moving average is $214.37 and its 200-day simple moving average is $207.54. The company has a market capitalization of $1.16 billion, a PE ratio of 26.84 and a beta of 0.85.

Alexander's (NYSE:ALX - Get Free Report) last posted its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.57 by $0.49. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. The business had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. As a group, equities research analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Dividend Announcement

The business also recently announced 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 7.93%. Alexander's's dividend payout ratio (DPR) is presently 233.16%.

Institutional Investors Weigh In On Alexander's

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC acquired a new position in shares of Alexander's during the 4th quarter worth about $28,000. Strs Ohio acquired a new position in Alexander's in the first quarter valued at $84,000. Covestor Ltd boosted its stake in Alexander's by 4,655.6% during the first quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock worth $89,000 after acquiring an additional 419 shares in the last quarter. AlphaQuest LLC acquired a new stake in Alexander's in the 4th quarter valued at $154,000. Finally, Resona Asset Management Co. Ltd. bought a new stake in Alexander's during the fourth quarter worth $163,000. Institutional investors own 31.99% of the company's stock.

About Alexander's

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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