Alexander's (NYSE:ALX) Sets New 1-Year High - Should You Buy?

Alexander's, Inc. (NYSE:ALX - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $254.80 and last traded at $254.11, with a volume of 22394 shares traded. The stock had previously closed at $248.35.

Alexander's Stock Up 2.8%

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 has a market capitalization of $1.30 billion, a P/E ratio of 33.06 and a beta of 0.85. The stock has a fifty day moving average price of $226.64 and a two-hundred day moving average price of $211.27.

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 for the quarter, beating the consensus estimate of $3.57 by $0.49. Alexander's had a return on equity of 21.34% and a net margin of 18.03%. The firm had revenue of $54.92 million for the quarter, compared to analyst estimates of $56.00 million. Research analysts forecast that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, May 30th. Investors of record on Monday, May 12th were issued a dividend of $4.50 per share. 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 7.05%. Alexander's's dividend payout ratio is 233.16%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ALX. Signaturefd LLC boosted its holdings in shares of Alexander's by 37.1% during the second quarter. Signaturefd LLC now owns 270 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 73 shares during the period. Mariner LLC lifted its stake in Alexander's by 1.8% during the fourth quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust's stock worth $1,193,000 after purchasing an additional 105 shares during the last quarter. Resona Asset Management Co. Ltd. lifted its stake in Alexander's by 13.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 937 shares of the real estate investment trust's stock worth $198,000 after purchasing an additional 113 shares during the last quarter. Rhumbline Advisers lifted its stake in Alexander's by 3.7% during the first quarter. Rhumbline Advisers now owns 3,688 shares of the real estate investment trust's stock worth $771,000 after purchasing an additional 133 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new position in shares of Alexander's during the fourth quarter worth $28,000. 31.99% of the stock is currently owned by institutional investors.

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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