Alexander’s (NYSE:ALX) Sees Large Volume Increase – Here’s What Happened

Alexander’s, Inc. (NYSE:ALX) shares saw an uptick in trading volume on Thursday . 20,893 shares were traded during trading, an increase of 79% from the previous session’s volume of 11,678 shares.The stock last traded at $208.21 and had previously closed at $216.06.

Alexander’s Stock Down 0.2 %

The firm has a market cap of $1.08 billion, a price-to-earnings ratio of 24.96 and a beta of 0.83. The firm has a 50 day moving average of $199.42 and a 200 day moving average of $216.13. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. As a group, sell-side analysts predict that Alexander’s, Inc. will post 11.5 earnings per share for the current year.

Alexander’s Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Tuesday, February 18th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.53%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio (DPR) is currently 212.77%.

Institutional Trading of Alexander’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Lazard Asset Management LLC bought a new position in Alexander’s in the fourth quarter worth approximately $28,000. AlphaQuest LLC acquired a new stake in Alexander’s in the 4th quarter valued at $154,000. Resona Asset Management Co. Ltd. acquired a new stake in Alexander’s in the 4th quarter valued at $163,000. Wells Fargo & Company MN increased its stake in Alexander’s by 51.7% during the 4th quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock valued at $201,000 after purchasing an additional 342 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Alexander’s by 24.4% during the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 209 shares during the last quarter. 31.99% of the stock is owned by institutional investors.

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).