Alexander’s (NYSE:ALX) Hits New 1-Year High at $244.51

Alexander’s, Inc. (NYSE:ALX) shares hit a new 52-week high on Wednesday . The company traded as high as $244.51 and last traded at $244.51, with a volume of 3630 shares changing hands. The stock had previously closed at $242.85.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on ALX shares. StockNews.com downgraded Alexander’s from a “buy” rating to a “hold” rating in a report on Monday. Piper Sandler dropped their target price on Alexander’s from $145.00 to $135.00 and set an “underweight” rating on the stock in a report on Monday.

Alexander’s Stock Up 2.2 %

The business has a fifty day moving average of $219.98 and a 200 day moving average of $218.44. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of 11.57 and a beta of 0.81. The company has a debt-to-equity ratio of 4.75, a current ratio of 14.35 and a quick ratio of 14.35.

Alexander’s Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Monday, May 13th were issued a dividend of $4.50 per share. The ex-dividend date was Friday, May 10th. This represents a $18.00 annualized dividend and a yield of 7.43%. Alexander’s’s dividend payout ratio (DPR) is presently 86.04%.

Hedge Funds Weigh In On Alexander’s

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in Alexander’s by 3.3% during the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Alexander’s by 19.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock valued at $74,988,000 after purchasing an additional 57,951 shares during the last quarter. Inspire Investing LLC grew its holdings in Alexander’s by 14.3% during the first quarter. Inspire Investing LLC now owns 2,012 shares of the real estate investment trust’s stock valued at $437,000 after purchasing an additional 251 shares during the last quarter. Asset Management One Co. Ltd. boosted its position in shares of Alexander’s by 8.1% in 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 period. Finally, BNP Paribas Financial Markets boosted its position in shares of Alexander’s by 5.5% in the first quarter. BNP Paribas Financial Markets now owns 3,466 shares of the real estate investment trust’s stock valued at $753,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Alexander’s

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