Alexander’s (NYSE:ALX) Shares Gap Up to $213.80

Alexander’s, Inc. (NYSE:ALX) gapped up before the market opened on Monday . The stock had previously closed at $213.80, but opened at $223.20. Alexander’s shares last traded at $220.01, with a volume of 2,966 shares.

Analyst Upgrades and Downgrades

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

Alexander’s Price Performance

The company has a current ratio of 13.22, a quick ratio of 13.22 and a debt-to-equity ratio of 4.60. The business has a fifty day simple moving average of $214.69 and a 200 day simple moving average of $208.79. The stock has a market capitalization of $1.16 billion, a P/E ratio of 11.35 and a beta of 0.77.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be given a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 7.94%. The ex-dividend date of this dividend is Friday, May 10th. Alexander’s’s dividend payout ratio is presently 90.14%.

Institutional Investors Weigh In On Alexander’s

Large investors have recently modified their holdings of the stock. Bank of New York Mellon Corp increased its holdings in Alexander’s by 5.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 31,763 shares of the real estate investment trust’s stock worth $5,788,000 after acquiring an additional 1,733 shares during the last quarter. Strs Ohio raised its position in shares of Alexander’s by 25.0% in the third quarter. Strs Ohio now owns 500 shares of the real estate investment trust’s stock valued at $91,000 after purchasing an additional 100 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Alexander’s by 4.3% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,601 shares of the real estate investment trust’s stock valued at $11,590,000 after buying an additional 2,604 shares in the last quarter. Inspire Investing LLC bought a new position in Alexander’s in the 3rd quarter worth approximately $311,000. Finally, GraniteShares Advisors LLC grew its stake in Alexander’s by 4.0% in the 3rd quarter. GraniteShares Advisors LLC now owns 6,550 shares of the real estate investment trust’s stock valued at $1,194,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Alexander’s Company Profile

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