Alexander’s (NYSE:ALX) Sees Strong Trading Volume

Shares of Alexander’s, Inc. (NYSE:ALX) saw unusually-high trading volume on Friday . Approximately 3,466 shares were traded during trading, a decline of 60% from the previous session’s volume of 8,621 shares.The stock last traded at $207.40 and had previously closed at $205.46.

Wall Street Analysts Forecast Growth

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

Alexander’s Trading Up 1.9 %

The company has a market capitalization of $1.07 billion, a P/E ratio of 10.30 and a beta of 0.78. The company has a debt-to-equity ratio of 4.60, a current ratio of 13.22 and a quick ratio of 13.22. The firm has a fifty day moving average price of $216.00 and a 200-day moving average price of $204.85.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend was Friday, February 16th. Alexander’s’s dividend payout ratio is presently 90.14%.

Hedge Funds Weigh In On Alexander’s

Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in Alexander’s in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. lifted its position in shares of Alexander’s by 119.0% during the third quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Alexander’s by 173.2% during the third quarter. Tower Research Capital LLC TRC now owns 194 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 123 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Alexander’s by 29.9% during the second quarter. Osaic Holdings Inc. now owns 239 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 55 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Alexander’s by 17.5% during the third quarter. Signaturefd LLC now owns 370 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 55 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

Alexander’s Company Profile

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