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

Alexander’s, Inc. (NYSE:ALX) saw an uptick in trading volume on Tuesday . 16,218 shares traded hands during trading, an increase of 44% from the previous session’s volume of 11,247 shares.The stock last traded at $192.03 and had previously closed at $190.83.

Alexander’s Price Performance

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 firm has a market cap of $1.00 billion, a P/E ratio of 21.21 and a beta of 0.84. The stock’s 50-day simple moving average is $207.68 and its two-hundred day simple moving average is $222.73.

Alexander’s Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 9.18%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio is 194.81%.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Barclays PLC grew its stake in Alexander’s by 369.7% in the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 2,821 shares during the last quarter. Jane Street Group LLC boosted its holdings in shares of Alexander’s by 162.6% in the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 3,543 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 52 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings 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 period. Finally, Principal Financial Group Inc. boosted its holdings in Alexander’s by 11.5% during the third quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock worth $270,000 after buying an additional 115 shares in the last quarter. 31.99% of the stock is owned by institutional investors.

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).