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

Alexander’s, Inc. (NYSE:ALX) saw a significant drop in short interest in the month of December. As of December 31st, there was short interest totalling 117,500 shares, a drop of 7.1% from the December 15th total of 126,500 shares. Currently, 5.5% of the shares of the stock are sold short. Based on an average trading volume of 12,400 shares, the days-to-cover ratio is currently 9.5 days.

Institutional Investors Weigh In On Alexander’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Barclays PLC grew its holdings in shares of Alexander’s by 369.7% during the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock worth $869,000 after purchasing an additional 2,821 shares during the last quarter. Jane Street Group LLC grew its holdings in Alexander’s by 162.6% during the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock worth $1,387,000 after acquiring an additional 3,543 shares during the last quarter. Franklin Resources Inc. increased its position in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in Alexander’s by 7.1% in the 2nd 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 in the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of Alexander’s by 11.5% in the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after acquiring an additional 115 shares during the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

Alexander’s Price Performance

ALX stock traded up $1.41 during trading on Monday, hitting $192.24. 16,218 shares of the stock traded hands, compared to its average volume of 12,135. The stock has a market cap of $982.32 million, a price-to-earnings ratio of 20.80 and a beta of 0.84. Alexander’s has a one year low of $184.76 and a one year high of $251.63. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18. The company has a 50 day simple moving average of $208.34 and a 200 day simple moving average of $222.98.

Alexander’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 9.36%. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

About Alexander’s

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).