Alexander’s (NYSE:ALX) Sets New 1-Year Low at $193.45

Alexander’s, Inc. (NYSE:ALX – Get Rating) reached a new 52-week low on Monday . The stock traded as low as $193.45 and last traded at $193.45, with a volume of 795 shares. The stock had previously closed at $195.91.

Alexander’s Trading Up 2.0 %

The company has a market cap of $995.94 million, a price-to-earnings ratio of 17.51 and a beta of 0.77. The company has a quick ratio of 12.58, a current ratio of 12.58 and a debt-to-equity ratio of 4.61. The company’s fifty day moving average price is $223.83 and its two-hundred day moving average price is $226.25.

Alexander’s Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 10th. Shareholders of record on Monday, January 30th were paid a $4.50 dividend. The ex-dividend date was Friday, January 27th. This represents a $18.00 dividend on an annualized basis and a yield of 9.24%. Alexander’s’s payout ratio is presently 160.00%.

Hedge Funds Weigh In On Alexander’s

A number of hedge funds and other institutional investors have recently bought and sold shares of ALX. Bank of New York Mellon Corp boosted its stake in Alexander’s by 1.5% in the first quarter. Bank of New York Mellon Corp now owns 31,095 shares of the real estate investment trust’s stock valued at $7,968,000 after acquiring an additional 447 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Alexander’s by 49.4% during the first quarter. MetLife Investment Management LLC now owns 1,134 shares of the real estate investment trust’s stock worth $291,000 after purchasing an additional 375 shares in the last quarter. BlackRock Inc. boosted its position in shares of Alexander’s by 2.0% during the first quarter. BlackRock Inc. now owns 153,838 shares of the real estate investment trust’s stock worth $39,417,000 after purchasing an additional 3,040 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Alexander’s by 11.9% during the first quarter. Great West Life Assurance Co. Can now owns 856 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 91 shares in the last quarter. Finally, Penserra Capital Management LLC boosted its position in shares of Alexander’s by 26.1% during the first quarter. Penserra Capital Management LLC now owns 1,044 shares of the real estate investment trust’s stock worth $267,000 after purchasing an additional 216 shares in the last quarter. 33.94% of the stock is owned by institutional investors.

About Alexander’s

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Alexander’s, Inc is a real estate investment trust company, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.