Alexander’s, Inc. (NYSE:ALX) Sees Significant Decline in Short Interest

Alexander’s, Inc. (NYSE:ALX) was the target of a significant 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 shares are sold short. Based on an average trading volume of 8,800 shares, the days-to-cover ratio is presently 12.1 days.

Institutional Trading of Alexander’s

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its holdings 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 worth $59,582,000 after purchasing an additional 10,513 shares in the last quarter. Asset Management One Co. Ltd. increased its position in shares of Alexander’s by 8.1% during the fourth quarter. Asset Management One Co. Ltd. now owns 3,331 shares of the real estate investment trust’s stock valued at $726,000 after acquiring an additional 250 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Alexander’s in the third quarter worth $567,000. Teacher Retirement System of Texas boosted its holdings in shares of Alexander’s by 99.0% in 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 acquiring an additional 1,500 shares during the period. Finally, Inspire Investing LLC bought a new position in shares of Alexander’s in the third quarter worth $311,000. 31.99% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Alexander’s Stock Performance

Shares of NYSE ALX traded down $0.25 during midday trading on Wednesday, hitting $208.46. 2,330 shares of the company’s stock were exchanged, compared to its average volume of 8,677. The company has a quick ratio of 13.22, a current ratio of 13.22 and a debt-to-equity ratio of 4.60. Alexander’s has a 12 month low of $155.60 and a 12 month high of $235.85. The company’s 50 day moving average price is $216.35 and its 200 day moving average price is $204.83. The firm has a market capitalization of $1.07 billion, a PE ratio of 10.49 and a beta of 0.78.

Alexander’s Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Tuesday, February 20th were paid a $4.50 dividend. The ex-dividend date was Friday, February 16th. This represents a $18.00 annualized dividend and a yield of 8.63%. Alexander’s’s dividend payout ratio (DPR) is presently 90.14%.

Alexander’s Company Profile

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