Alexander’s (NYSE:ALX) Reaches New 52-Week Low – Here’s What Happened

Alexander’s, Inc. (NYSE:ALX)’s stock price reached a new 52-week low during mid-day trading on Monday . The company traded as low as $192.00 and last traded at $192.33, with a volume of 9577 shares traded. The stock had previously closed at $199.46.

Alexander’s Stock Performance

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 company has a 50 day simple moving average of $213.81 and a 200-day simple moving average of $224.52. The stock has a market capitalization of $958.28 million, a P/E ratio of 20.31 and a beta of 0.84.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 9.59%. The ex-dividend date was Friday, November 8th. Alexander’s’s dividend payout ratio is currently 194.81%.

Institutional Trading of Alexander’s

Several hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its stake in Alexander’s by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after buying an additional 927 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Alexander’s by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after acquiring an additional 413 shares during the period. Denali Advisors LLC grew its position in shares of Alexander’s by 51.2% in the second quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock valued at $4,385,000 after purchasing an additional 6,600 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of Alexander’s by 24.6% during the 3rd quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock valued at $3,256,000 after purchasing an additional 2,652 shares during the period. Finally, Zacks Investment Management purchased a new stake in Alexander’s during the 3rd quarter worth about $3,148,000. Institutional investors own 31.99% of the company’s stock.

About Alexander’s

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).