Alexander’s, Inc. (NYSE:ALX) was the recipient of a large increase in short interest during the month of November. As of November 29th, there was short interest totalling 36,200 shares, an increase of 13.5% from the November 14th total of 31,900 shares. Approximately 1.7% of the shares of the company are short sold. Based on an average daily volume of 24,600 shares, the days-to-cover ratio is presently 1.5 days.
Shares of Alexander’s stock traded up $4.09 during trading hours on Friday, hitting $332.61. 7,452 shares of the company’s stock traded hands, compared to its average volume of 16,114. Alexander’s has a 12-month low of $304.28 and a 12-month high of $394.70. The stock has a market capitalization of $1.68 billion, a price-to-earnings ratio of 16.95 and a beta of 0.36. The company has a fifty day simple moving average of $324.57 and a 200-day simple moving average of $351.74. The company has a debt-to-equity ratio of 3.70, a current ratio of 12.91 and a quick ratio of 12.91.
Several institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. bought a new position in shares of Alexander’s during the 3rd quarter worth $105,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Alexander’s by 9.8% during the 2nd quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 749 shares of the real estate investment trust’s stock worth $277,000 after acquiring an additional 67 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Alexander’s by 6.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 24,856 shares of the real estate investment trust’s stock worth $9,204,000 after acquiring an additional 1,609 shares during the period. Squarepoint Ops LLC bought a new position in shares of Alexander’s during the 3rd quarter worth $537,000. Finally, JPMorgan Chase & Co. grew its stake in shares of Alexander’s by 95.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 5,295 shares of the real estate investment trust’s stock worth $1,955,000 after acquiring an additional 2,581 shares during the period. 34.10% of the stock is owned by hedge funds and other institutional investors.
Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.
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