Alexander’s (NYSE:ALX) Reaches New 12-Month Low – Time to Sell?

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

Alexander’s Stock 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 stock has a market cap of $982.23 million, a price-to-earnings ratio of 20.81 and a beta of 0.84. The firm has a 50 day simple moving average of $216.14 and a two-hundred day simple moving average of $225.17.

Alexander’s Announces Dividend

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Jane Street Group LLC lifted its holdings in shares of 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 valued at $1,387,000 after purchasing an additional 3,543 shares in the last quarter. Barclays PLC raised its holdings in Alexander’s by 369.7% during the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock worth $869,000 after buying an additional 2,821 shares during the period. Franklin Resources Inc. lifted its stake in Alexander’s by 5.6% in the third 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 in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in shares of 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 buying an additional 86 shares during the period. Finally, Principal Financial Group Inc. increased its position in shares of 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 acquiring an additional 115 shares in the last quarter. 31.99% of the stock is owned by institutional investors and hedge funds.

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).