Alexander's (NYSE:ALX) Sets New 52-Week High - Here's What Happened

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

Alexander's Stock Performance

The company has a debt-to-equity ratio of 6.06, a current ratio of 11.19 and a quick ratio of 11.19. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 33.53 and a beta of 0.85. The company has a fifty day moving average price of $228.83 and a two-hundred day moving average price of $212.21.

Alexander's (NYSE:ALX - Get Free Report) last released its 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. Alexander's had a net margin of 18.03% and a return on equity of 21.34%. The company had revenue of $54.92 million during the quarter, compared to the consensus estimate of $56.00 million. As a group, equities research analysts expect that Alexander's, Inc. will post 11.5 EPS for the current year.

Alexander's Announces Dividend

The company also recently declared 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. The ex-dividend date of this dividend was Monday, May 12th. This represents a $18.00 annualized dividend and a yield of 6.95%. Alexander's's dividend payout ratio is 233.16%.

Institutional Investors Weigh In On Alexander's

Large investors have recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in Alexander's during the fourth quarter worth about $28,000. Signaturefd LLC raised its position in 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 in the last quarter. Strs Ohio bought a new stake in Alexander's in the first quarter valued at approximately $84,000. Covestor Ltd raised its stake in Alexander's by 4,655.6% in the 1st quarter. Covestor Ltd now owns 428 shares of the real estate investment trust's stock valued at $89,000 after acquiring an additional 419 shares during the period. Finally, Resona Asset Management Co. Ltd. bought a new position in shares of Alexander's during the fourth quarter worth approximately $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.