Alexander’s, Inc. (NYSE:ALX) Sees Large Decrease in Short Interest

Alexander’s, Inc. (NYSE:ALX) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 117,500 shares, a drop of 7.1% from the December 15th total of 126,500 shares. Currently, 5.5% of the company’s shares are short sold. Based on an average trading volume of 12,400 shares, the short-interest ratio is presently 9.5 days.

Hedge Funds Weigh In On Alexander’s

A number of hedge funds have recently added to or reduced their stakes in the stock. Ballentine Partners LLC bought a new stake in shares of Alexander’s in the third quarter valued at about $205,000. SG Americas Securities LLC bought a new stake in shares of Alexander’s in the 3rd quarter valued at about $215,000. Franklin Resources Inc. raised its holdings in shares of Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after purchasing an additional 52 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of Alexander’s by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after purchasing an additional 115 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Alexander’s by 7.1% during the second 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 in the last quarter. 31.99% of the stock is currently owned by institutional investors.

Alexander’s Trading Up 0.7 %

Shares of NYSE:ALX traded up $1.41 on Friday, hitting $192.24. 16,218 shares of the company’s stock were exchanged, compared to its average volume of 12,135. The stock has a market capitalization of $982.32 million, a price-to-earnings ratio of 20.80 and a beta of 0.84. Alexander’s has a 12 month low of $184.76 and a 12 month high of $251.63. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The business’s 50 day simple moving average is $208.34 and its two-hundred day simple moving average is $223.01.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were given a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.36%. Alexander’s’s dividend payout ratio (DPR) is 194.81%.

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).