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

Alexander’s, Inc. (NYSE:ALX) saw strong 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 Stock Performance

The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The stock has a market capitalization of $1.00 billion, a P/E ratio of 21.21 and a beta of 0.84. The business has a 50-day moving average price of $207.68 and a 200 day moving average price of $222.73.

Alexander’s Announces Dividend

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp grew its position in Alexander’s by 1.6% during the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after buying an additional 927 shares during the period. Dimensional Fund Advisors LP grew its position in shares of 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 valued at $7,812,000 after purchasing an additional 413 shares in the last quarter. Los Angeles Capital Management LLC increased its holdings in shares of Alexander’s by 24.6% in the third quarter. Los Angeles Capital Management LLC now owns 13,435 shares of the real estate investment trust’s stock worth $3,256,000 after purchasing an additional 2,652 shares during the last quarter. Zacks Investment Management bought a new position in Alexander’s during the third quarter valued at approximately $3,148,000. Finally, Jane Street Group LLC increased its stake in 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 worth $1,387,000 after acquiring an additional 3,543 shares during the last quarter. 31.99% of the stock is owned by institutional investors.

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).