Alexander's (NYSE:ALX) Shares Gap Up - What's Next?

Alexander's, Inc. (NYSE:ALX - Get Free Report)'s stock price gapped up before the market opened on Tuesday . The stock had previously closed at $197.89, but opened at $218.26. Alexander's shares last traded at $203.47, with a volume of 274 shares.

Alexander's Trading Down 0.5 %

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 $207.78 and its 200 day simple moving average is $209.26. The stock has a market capitalization of $1.03 billion, a P/E ratio of 23.74 and a beta of 0.82.

Alexander's (NYSE:ALX - Get Free Report) last released its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander's had a net margin of 19.19% and a return on equity of 21.45%. Equities research analysts anticipate that Alexander's, Inc. will post 11.5 EPS for the current fiscal year.

Alexander's Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 8.96%. The ex-dividend date was Tuesday, February 18th. Alexander's's dividend payout ratio is 212.77%.

Hedge Funds Weigh In On Alexander's

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. grew its position in Alexander's by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust's stock worth $225,000 after purchasing an additional 52 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Alexander's by 7.3% in the fourth quarter. Principal Financial Group Inc. now owns 1,193 shares of the real estate investment trust's stock worth $239,000 after acquiring an additional 81 shares during the last quarter. Mariner LLC increased its stake in shares of Alexander's by 1.8% in the fourth quarter. Mariner LLC now owns 5,961 shares of the real estate investment trust's stock worth $1,193,000 after acquiring an additional 105 shares during the last quarter. Rhumbline Advisers boosted its position 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 valued at $771,000 after purchasing an additional 133 shares during the last quarter. Finally, Lazard Asset Management LLC acquired a new stake in Alexander's during the fourth quarter valued at $28,000. Hedge funds and other institutional investors own 31.99% of the company's stock.

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.