Alexander’s (NYSE:ALX) Sees Large Volume Increase – Still a Buy?

Shares of Alexander’s, Inc. (NYSE:ALX) saw an uptick in trading volume on Thursday . 11,262 shares were traded during mid-day trading, a decline of 4% from the previous session’s volume of 11,675 shares.The stock last traded at $218.80 and had previously closed at $215.77.

Alexander’s Stock Down 0.7 %

The stock has a 50-day moving average of $202.57 and a two-hundred day moving average of $215.38. The company has a market cap of $1.09 billion, a P/E ratio of 25.20 and a beta of 0.83. The company has a debt-to-equity ratio of 5.59, a quick ratio of 13.18 and a current ratio of 13.18.

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

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a $4.50 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 8.44%. Alexander’s’s payout ratio is 212.77%.

Institutional Trading of Alexander’s

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Millennium Management LLC lifted its position in Alexander’s by 277.0% in the fourth quarter. Millennium Management LLC now owns 7,348 shares of the real estate investment trust’s stock valued at $1,470,000 after purchasing an additional 5,399 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Alexander’s by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust’s stock valued at $11,365,000 after purchasing an additional 2,861 shares during the last quarter. Lazard Asset Management LLC bought a new stake in Alexander’s in the fourth quarter valued at approximately $28,000. Citadel Advisors LLC bought a new stake in Alexander’s in the fourth quarter valued at approximately $684,000. Finally, Bank of America Corp DE lifted its position in Alexander’s by 17.5% in the fourth 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. Institutional investors own 31.99% of the company’s stock.

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).