Shares of Alexander’s, Inc. (NYSE:ALX – Get Free Report) saw an uptick in trading volume on Friday . 3,466 shares changed hands during trading, a decline of 60% from the previous session’s volume of 8,621 shares.The stock last traded at $207.40 and had previously closed at $205.46.
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.
View Our Latest Analysis on Alexander’s
Alexander’s Stock Performance
Alexander’s Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Tuesday, February 20th were given a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 8.60%. The ex-dividend date was Friday, February 16th. Alexander’s’s dividend payout ratio (DPR) is presently 90.14%.
Institutional Investors Weigh In On Alexander’s
A number of large investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC purchased a new position in shares of Alexander’s during the 4th quarter worth $27,000. PNC Financial Services Group Inc. boosted its stake in shares of Alexander’s by 119.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 75 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Alexander’s by 173.2% during the 3rd quarter. Tower Research Capital LLC TRC now owns 194 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 123 shares during the last quarter. Osaic Holdings Inc. boosted its stake in shares of Alexander’s by 29.9% during the 2nd quarter. Osaic Holdings Inc. now owns 239 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 55 shares during the last quarter. Finally, Signaturefd LLC boosted its stake in shares of Alexander’s by 17.5% during the 3rd quarter. Signaturefd LLC now owns 370 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 55 shares during the last quarter. Institutional investors own 31.99% of the company’s stock.
Alexander’s Company Profile
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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