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

Alexander’s, Inc. (NYSE:ALX) saw a significant decline in short interest during the month of December. As of December 31st, there was short interest totalling 117,500 shares, a decline of 7.1% from the December 15th total of 126,500 shares. Currently, 5.5% of the company’s stock are sold short. Based on an average daily volume of 12,400 shares, the short-interest ratio is presently 9.5 days.

Alexander’s Stock Up 0.7 %

Shares of NYSE ALX traded up $1.41 during trading hours on Friday, hitting $192.24. 16,218 shares of the stock were exchanged, compared to its average volume of 12,135. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The company has a market cap of $982.32 million, a PE ratio of 20.80 and a beta of 0.84. The firm has a fifty day moving average price of $208.34 and a 200-day moving average price of $223.01. Alexander’s has a 12 month low of $184.76 and a 12 month high of $251.63.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 9.36%. The ex-dividend date was Friday, November 8th. Alexander’s’s dividend payout ratio is currently 194.81%.

Institutional Trading of Alexander’s

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp raised its position in shares of Alexander’s by 1.6% in the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after purchasing an additional 927 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Alexander’s by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock valued at $7,812,000 after purchasing an additional 413 shares in the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of Alexander’s by 24.6% in the third quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock worth $3,256,000 after buying an additional 2,652 shares during the last quarter. Zacks Investment Management acquired a new stake in shares of Alexander’s during the third quarter worth $3,148,000. Finally, Jane Street Group LLC grew its holdings in shares of Alexander’s by 162.6% during the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after buying an additional 3,543 shares during 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).