Alexander’s (NYSE:ALX) Hits New 12-Month Low – Time to Sell?

Alexander’s, Inc. (NYSE:ALX) hit a new 52-week low during trading on Monday . The stock traded as low as $184.96 and last traded at $184.96, with a volume of 922 shares trading hands. The stock had previously closed at $186.88.

Alexander’s Price Performance

The firm has a market capitalization of $971.25 million, a PE ratio of 20.58 and a beta of 0.84. The firm’s fifty day moving average price is $211.52 and its 200 day moving average price is $223.86. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 9.46%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s payout ratio is 194.81%.

Hedge Funds Weigh In On Alexander’s

A number of institutional investors have recently modified their holdings of the stock. Ballentine Partners LLC acquired a new stake in Alexander’s during the third quarter worth about $205,000. SG Americas Securities LLC purchased a new stake in Alexander’s in the 3rd quarter worth approximately $215,000. Franklin Resources Inc. grew its stake in shares of 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 during the period. Principal Financial Group Inc. increased its holdings in shares of Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in shares of Alexander’s by 7.1% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after purchasing an additional 86 shares during the period. 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).