Alexander’s (NYSE:ALX) Share Price Passes Below 200 Day Moving Average – Time to Sell?

Alexander’s, Inc. (NYSE:ALX)’s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $232.15 and traded as low as $225.50. Alexander’s shares last traded at $227.1090, with a volume of 29,210 shares.

Analyst Ratings Changes

A number of equities research analysts have issued reports on ALX shares. Weiss Ratings reiterated a “hold (c)” rating on shares of Alexander’s in a research note on Monday, April 20th. Zacks Research cut shares of Alexander’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 3rd. Two research analysts have rated the stock with a Hold rating, According to MarketBeat, the company has a consensus rating of “Hold”.

Alexander’s Price Performance

The stock has a market cap of $1.17 billion, a P/E ratio of 57.46 and a beta of 0.80. The company has a debt-to-equity ratio of 9.17, a current ratio of 6.92 and a quick ratio of 6.92. The business’s fifty day moving average price is $241.53 and its 200 day moving average price is $232.11.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, May 4th. The real estate investment trust reported $0.91 EPS for the quarter, missing analysts’ consensus estimates of $3.08 by ($2.17). The company had revenue of $53.41 million during the quarter, compared to the consensus estimate of $53.40 million. Alexander’s had a return on equity of 17.38% and a net margin of 9.72%. Sell-side analysts forecast that Alexander’s, Inc. will post 12.08 EPS for the current fiscal year.

Alexander’s Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, May 29th. Stockholders of record on Monday, May 11th will be issued a $4.50 dividend. The ex-dividend date of this dividend is Monday, May 11th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 7.8%. Alexander’s’s dividend payout ratio is 450.00%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC raised its holdings in Alexander’s by 625.0% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 116 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 100 shares during the last quarter. Van ECK Associates Corp bought a new position in Alexander’s in the 3rd quarter valued at approximately $32,000. Garton & Associates Financial Advisors LLC bought a new position in Alexander’s in the 4th quarter valued at approximately $38,000. Larson Financial Group LLC raised its holdings in Alexander’s by 104.0% in the 3rd quarter. Larson Financial Group LLC now owns 204 shares of the real estate investment trust’s stock valued at $48,000 after buying an additional 104 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in Alexander’s by 89.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 208 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 98 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.

About Alexander’s

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.