Alexander’s (NYSE:ALX) Shares Pass Below Two Hundred Day Moving Average of $216.24

Alexander’s, Inc. (NYSE:ALX)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $216.24 and traded as low as $215.63. Alexander’s shares last traded at $216.50, with a volume of 10,892 shares.

Wall Street Analysts Forecast Growth

ALX has been the topic of several research analyst reports. Piper Sandler lowered their price objective on shares of Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a research note on Monday, May 13th. StockNews.com downgraded shares of Alexander’s from a “buy” rating to a “hold” rating in a research note on Wednesday.

Alexander’s Price Performance

The company has a debt-to-equity ratio of 4.75, a current ratio of 14.35 and a quick ratio of 14.35. The stock’s 50 day simple moving average is $216.06 and its two-hundred day simple moving average is $216.46. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 10.87 and a beta of 0.81.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 13th were paid a dividend of $4.50 per share. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 7.92%. Alexander’s’s dividend payout ratio is currently 86.04%.

Institutional Investors Weigh In On Alexander’s

Institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. raised its holdings in shares of Alexander’s by 19.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock valued at $74,988,000 after buying an additional 57,951 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Alexander’s by 3.3% in the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after buying an additional 10,513 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Alexander’s by 220.7% in the fourth quarter. Los Angeles Capital Management LLC now owns 9,973 shares of the real estate investment trust’s stock valued at $2,130,000 after buying an additional 6,863 shares during the last quarter. Quadrature Capital Ltd bought a new position in shares of Alexander’s in the fourth quarter valued at about $459,000. Finally, Denali Advisors LLC raised its holdings in shares of Alexander’s by 19.4% in the first quarter. Denali Advisors LLC now owns 12,900 shares of the real estate investment trust’s stock valued at $2,801,000 after buying an additional 2,100 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.