Alexander’s (NYSE:ALX) Shares Pass Below Two Hundred Day Moving Average of $216.24

Alexander’s, Inc. (NYSE:ALX)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $216.24 and traded as low as $215.63. Alexander’s shares last traded at $216.50, with a volume of 10,892 shares.

Analyst Ratings Changes

ALX has been the topic of a number of research reports. StockNews.com cut shares of Alexander’s from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Sandler dropped their target price on shares of Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a report on Monday, May 13th.

Alexander’s Stock Performance

The company has a debt-to-equity ratio of 4.75, a quick ratio of 14.35 and a current ratio of 14.35. The stock’s fifty day moving average is $216.06 and its two-hundred day moving average is $216.46. The firm has a market cap of $1.16 billion, a price-to-earnings ratio of 10.87 and a beta of 0.81.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were issued a $4.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.92%. Alexander’s’s dividend payout ratio (DPR) is presently 86.04%.

Institutional Trading of Alexander’s

Large investors have recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Alexander’s by 119.0% in the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 75 shares in the last quarter. Lazard Asset Management LLC bought a new position in Alexander’s in the 1st quarter valued at about $114,000. SG Americas Securities LLC bought a new position in Alexander’s in the 4th quarter valued at about $115,000. Allspring Global Investments Holdings LLC bought a new position in Alexander’s in the 1st quarter valued at about $122,000. Finally, Daiwa Securities Group Inc. grew its position in Alexander’s by 7.8% in the 1st quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock valued at $151,000 after buying an additional 50 shares in the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.