Alexander’s, Inc. (NYSE:ALX) Short Interest Down 6.7% in March

Alexander’s, Inc. (NYSE:ALX) was the recipient of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 106,700 shares, a decrease of 6.7% from the March 15th total of 114,400 shares. Currently, 5.0% of the company’s stock are short sold. Based on an average daily volume of 8,800 shares, the short-interest ratio is currently 12.1 days.

Alexander’s Stock Down 0.8 %

Shares of Alexander’s stock opened at $207.10 on Thursday. The company has a fifty day moving average price of $216.21 and a 200 day moving average price of $204.85. The company has a current ratio of 13.22, a quick ratio of 13.22 and a debt-to-equity ratio of 4.60. Alexander’s has a twelve month low of $155.60 and a twelve month high of $235.85. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 10.37 and a beta of 0.78.

Alexander’s Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a $4.50 dividend. The ex-dividend date of this dividend was Friday, February 16th. This represents a $18.00 dividend on an annualized basis and a yield of 8.69%. Alexander’s’s payout ratio is currently 90.14%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Hedge Funds Weigh In On Alexander’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Alexander’s by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after buying an additional 10,513 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in Alexander’s by 8.1% in the 4th quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after buying an additional 250 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Alexander’s during the third quarter worth about $567,000. Teacher Retirement System of Texas lifted its position in shares of Alexander’s by 99.0% during the third quarter. Teacher Retirement System of Texas now owns 3,015 shares of the real estate investment trust’s stock worth $549,000 after purchasing an additional 1,500 shares during the last quarter. Finally, Inspire Investing LLC bought a new position in shares of Alexander’s during the third quarter worth about $311,000. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Company Profile

Alexander's, Inc is a real estate investment trust which has five properties in New York City.