Alexander’s (NYSE:ALX) Sees Unusually-High Trading Volume – What’s Next?

Alexander’s, Inc. (NYSE:ALX) saw an uptick in trading volume on Thursday . 20,893 shares changed hands 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 Trading Up 0.8 %

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 company has a market cap of $1.09 billion, a PE ratio of 25.15 and a beta of 0.83. The company’s 50 day simple moving average is $199.72 and its two-hundred day simple moving average is $216.10.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating 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 anticipate that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were paid a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.46%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s payout ratio is 212.77%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ALX. Lazard Asset Management LLC purchased a new position in shares of Alexander’s in the fourth quarter valued at approximately $28,000. AlphaQuest LLC acquired a new stake in Alexander’s in the fourth quarter valued at approximately $154,000. Resona Asset Management Co. Ltd. acquired a new stake in Alexander’s in the fourth quarter valued at approximately $163,000. Wells Fargo & Company MN raised its holdings in Alexander’s by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 342 shares in the last quarter. Finally, Algert Global LLC raised its holdings in Alexander’s by 24.4% in the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust’s stock valued at $213,000 after acquiring an additional 209 shares in the last quarter. Hedge funds and other 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).