Alexander’s, Inc. (NYSE:ALX) Short Interest Update

Alexander’s, Inc. (NYSE:ALX) was the target of a large increase in short interest in the month of February. As of February 28th, there was short interest totalling 156,600 shares, an increase of 17.9% from the February 13th total of 132,800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 10.9 days. Approximately 7.4% of the company’s shares are short sold.

Institutional Trading of Alexander’s

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Millennium Management LLC grew its position in shares of Alexander’s by 277.0% in the 4th quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust’s stock worth $1,470,000 after buying an additional 5,399 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of Alexander’s by 5.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust’s stock worth $11,365,000 after buying an additional 2,861 shares during the period. Lazard Asset Management LLC purchased a new stake in shares of Alexander’s in the 4th quarter worth about $28,000. Citadel Advisors LLC purchased a new stake in shares of Alexander’s in the 4th quarter worth about $684,000. Finally, Bank of America Corp DE grew its position in Alexander’s by 17.5% during the 4th quarter. Bank of America Corp DE now owns 4,822 shares of the real estate investment trust’s stock valued at $965,000 after purchasing an additional 718 shares during the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Trading Up 1.4 %

Alexander’s stock traded up $3.03 during mid-day trading on Thursday, reaching $218.80. 11,262 shares of the company traded hands, compared to its average volume of 11,675. The company has a debt-to-equity ratio of 5.59, a current ratio of 13.18 and a quick ratio of 13.18. The firm’s 50 day moving average price is $201.53 and its 200 day moving average price is $215.50. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.86 and a beta of 0.83. Alexander’s has a 52-week low of $184.76 and a 52-week high of $251.63.

Alexander’s (NYSE:ALX) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a net margin of 19.19% and a return on equity of 21.45%. On average, analysts anticipate that Alexander’s will post 11.5 earnings per share for the current fiscal year.

Alexander’s Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.23%. The ex-dividend date was Tuesday, February 18th. Alexander’s’s dividend payout ratio is presently 212.77%.

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).