Alexander’s, Inc. (NYSE:ALX) Sees Significant Decline in Short Interest

Alexander’s, Inc. (NYSE:ALX) was the recipient of a significant decrease in short interest in March. As of March 31st, there was short interest totalling 106,700 shares, a decrease of 6.7% from the March 15th total of 114,400 shares. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 12.1 days. Approximately 5.0% of the shares of the company are sold short.

Hedge Funds Weigh In On Alexander’s

A number of hedge funds have recently bought and sold shares of ALX. Goldman Sachs Group Inc. raised its stake in Alexander’s by 40.1% in the 1st quarter. Goldman Sachs Group Inc. now owns 388,982 shares of the real estate investment trust’s stock valued at $99,669,000 after acquiring an additional 111,306 shares during the period. Vanguard Group Inc. boosted its stake in Alexander’s by 2.3% in the fourth quarter. Vanguard Group Inc. now owns 334,386 shares of the real estate investment trust’s stock worth $71,415,000 after buying an additional 7,423 shares in the last quarter. BlackRock Inc. boosted its stake in Alexander’s by 9.1% in the second quarter. BlackRock Inc. now owns 182,720 shares of the real estate investment trust’s stock worth $33,595,000 after buying an additional 15,165 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Alexander’s by 4.2% in the third quarter. JPMorgan Chase & Co. now owns 100,472 shares of the real estate investment trust’s stock worth $18,309,000 after buying an additional 4,039 shares in the last quarter. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Trading Down 0.1 %

NYSE:ALX traded down $0.25 during mid-day trading on Wednesday, hitting $208.46. 2,330 shares of the company’s stock were exchanged, compared to its average volume of 8,677. The company has a current ratio of 13.22, a quick ratio of 13.22 and a debt-to-equity ratio of 4.60. Alexander’s has a fifty-two week low of $155.60 and a fifty-two week high of $235.85. The company has a 50 day simple moving average of $216.35 and a 200-day simple moving average of $204.83. The firm has a market capitalization of $1.07 billion, a P/E ratio of 10.49 and a beta of 0.78.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were given a $4.50 dividend. This represents a $18.00 annualized dividend and a yield of 8.63%. The ex-dividend date of this dividend was Friday, February 16th. Alexander’s’s payout ratio is currently 90.14%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Alexander’s Company Profile

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