Alexander’s (NYSE:ALX) Sets New 52-Week Low – Here’s Why

Alexander’s, Inc. (NYSE:ALX) shares hit a new 52-week low during trading on Monday . The stock traded as low as $192.00 and last traded at $192.33, with a volume of 9577 shares traded. The stock had previously closed at $199.46.

Alexander’s Trading Down 3.6 %

The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The business’s 50-day moving average is $216.14 and its two-hundred day moving average is $225.17. The firm has a market cap of $982.23 million, a P/E ratio of 20.81 and a beta of 0.84.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 9.36%. The ex-dividend date was Friday, November 8th. Alexander’s’s payout ratio is 194.81%.

Institutional Trading of Alexander’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Financial Group Inc. increased its position in shares of Alexander’s by 7.9% during the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 73 shares during the last quarter. Rhumbline Advisers increased its holdings in Alexander’s by 2.6% during the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock worth $782,000 after buying an additional 87 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in Alexander’s by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after buying an additional 413 shares during the last quarter. Denali Advisors LLC raised its position in Alexander’s by 51.2% during the second quarter. Denali Advisors LLC now owns 19,500 shares of the real estate investment trust’s stock worth $4,385,000 after acquiring an additional 6,600 shares in the last quarter. Finally, The Manufacturers Life Insurance Company lifted its stake in Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 86 shares during the last quarter. Institutional investors 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).