Alexander’s (NYSE:ALX) Sets New 1-Year Low – Should You Sell?

Alexander’s, Inc. (NYSE:ALX) reached a new 52-week low on Tuesday . The stock traded as low as $197.00 and last traded at $199.49, with a volume of 13864 shares trading hands. The stock had previously closed at $202.89.

Alexander’s Stock Up 0.8 %

The company has a market cap of $1.03 billion, a price-to-earnings ratio of 21.75 and a beta of 0.83. The business has a 50-day simple moving average of $220.23 and a two-hundred day simple moving average of $225.75. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were given a dividend of $4.50 per share. The ex-dividend date was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a yield of 8.96%. Alexander’s’s payout ratio is currently 194.81%.

Hedge Funds Weigh In On Alexander’s

A number of institutional investors have recently modified their holdings of ALX. Principal Financial Group Inc. boosted its holdings in shares of Alexander’s by 11.5% during the 3rd 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 during the period. Franklin Resources Inc. lifted its position in Alexander’s by 5.6% during the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares during the last quarter. Barclays PLC boosted its holdings in Alexander’s by 369.7% during the third quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after acquiring an additional 2,821 shares during the period. Zacks Investment Management acquired a new stake in shares of Alexander’s in the third quarter valued at about $3,148,000. Finally, Jane Street Group LLC increased its stake in shares of Alexander’s by 162.6% in the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock worth $1,387,000 after purchasing an additional 3,543 shares during the period. Institutional investors own 31.99% of the company’s stock.

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).