Alexander's, Inc. (NYSE:ALX - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $213.80, but opened at $223.20. Alexander's shares last traded at $220.01, with a volume of 2,966 shares changing hands.
Wall Street Analyst Weigh In
Separately, StockNews.com upgraded Alexander's from a "hold" rating to a "buy" rating in a research note on Tuesday, February 13th.
View Our Latest Report on ALX
Alexander's Price Performance
The company has a 50-day moving average price of $214.47 and a two-hundred day moving average price of $208.44. The company has a debt-to-equity ratio of 4.60, a current ratio of 13.22 and a quick ratio of 13.22. The company has a market cap of $1.17 billion, a PE ratio of 11.51 and a beta of 0.77.
Alexander's Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Monday, May 13th will be issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 7.83%. The ex-dividend date of this dividend is Friday, May 10th. Alexander's's dividend payout ratio is currently 90.14%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of ALX. Vanguard Group Inc. increased its position in Alexander's by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust's stock valued at $59,582,000 after acquiring an additional 10,513 shares during the period. Asset Management One Co. Ltd. boosted its holdings in Alexander's by 8.1% in the fourth quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust's stock worth $726,000 after purchasing an additional 250 shares in the last quarter. Teacher Retirement System of Texas raised its stake in shares of Alexander's by 99.0% in the 3rd quarter. Teacher Retirement System of Texas now owns 3,015 shares of the real estate investment trust's stock valued at $549,000 after acquiring an additional 1,500 shares in the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Alexander's in the 3rd quarter valued at approximately $567,000. Finally, Inspire Investing LLC acquired a new stake in Alexander's in the 3rd quarter valued at approximately $311,000. Institutional investors own 31.99% of the company's stock.
Alexander's Company Profile
(
Get Free Report)
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
Featured Stories
Before you consider Alexander's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Alexander's wasn't on the list.
While Alexander's currently has a "Sell" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
