Short Interest in Alexander’s, Inc. (NYSE:ALX) Grows By 17.9%

Alexander’s, Inc. (NYSE:ALX) saw a significant growth in short interest in the month of February. As of February 28th, there was short interest totalling 156,600 shares, a growth of 17.9% from the February 13th total of 132,800 shares. Based on an average daily volume of 14,400 shares, the short-interest ratio is presently 10.9 days. Currently, 7.4% of the company’s shares are short sold.

Alexander’s Trading Up 1.3 %

Shares of Alexander’s stock traded up $2.87 on Wednesday, reaching $218.64. 4,692 shares of the company were exchanged, compared to its average volume of 11,677. The stock has a fifty day moving average price of $200.89 and a 200-day moving average price of $215.47. The firm has a market capitalization of $1.12 billion, a price-to-earnings ratio of 25.84 and a beta of 0.83. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander’s has a fifty-two week low of $184.76 and a fifty-two week high of $251.63.

Alexander’s (NYSE:ALX) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. On average, analysts expect that Alexander’s will post 11.5 EPS for the current year.

Alexander’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Tuesday, February 18th were issued a dividend of $4.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.23%. Alexander’s’s dividend payout ratio is 212.77%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. State Street Corp grew its stake in Alexander’s by 1.6% in 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 purchasing an additional 927 shares in the last quarter. Geode Capital Management LLC grew its stake in Alexander’s by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust’s stock valued at $11,593,000 after purchasing an additional 687 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Alexander’s by 5.3% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 56,810 shares of the real estate investment trust’s stock valued at $11,365,000 after purchasing an additional 2,861 shares in the last quarter. Denali Advisors LLC grew its stake in Alexander’s by 9.3% in the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust’s stock valued at $5,865,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Northern Trust Corp grew its stake in Alexander’s by 12.4% in the fourth quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust’s stock valued at $4,486,000 after purchasing an additional 2,466 shares in the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

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).