Alexander’s (NYSE:ALX) Reaches New 1-Year Low – What’s Next?

Alexander’s, Inc. (NYSE:ALX)’s share price hit a new 52-week low on Monday . The stock traded as low as $184.96 and last traded at $184.96, with a volume of 922 shares trading hands. The stock had previously closed at $186.88.

Alexander’s Stock Up 2.4 %

The company has a market cap of $971.25 million, a price-to-earnings ratio of 20.58 and a beta of 0.84. The business has a fifty day moving average of $211.52 and a two-hundred day moving average of $223.86. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 9.46%. The ex-dividend date was Friday, November 8th. Alexander’s’s payout ratio is 194.81%.

Institutional Investors Weigh In On Alexander’s

A number of institutional investors have recently added to or reduced their stakes in ALX. Franklin Resources Inc. raised its position in Alexander’s by 5.6% during the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Alexander’s by 7.1% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock worth $290,000 after purchasing an additional 86 shares during the last quarter. Rhumbline Advisers lifted its stake in Alexander’s by 2.6% in the 2nd quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 87 shares in the last quarter. Inspire Investing LLC lifted its stake in Alexander’s by 7.2% in the 3rd quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 113 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its holdings in Alexander’s by 11.5% in the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 115 shares during the last quarter. Institutional investors and hedge funds 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).