Alexander’s (NYSE:ALX) Sees Large Volume Increase – Still a Buy?

Alexander’s, Inc. (NYSE:ALX) shares saw an uptick in trading volume on Thursday . 12,855 shares were traded during trading, an increase of 9% from the previous session’s volume of 11,814 shares.The stock last traded at $215.35 and had previously closed at $209.79.

Alexander’s Stock Performance

The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The stock has a market capitalization of $1.07 billion, a price-to-earnings ratio of 24.87 and a beta of 0.83. The firm’s fifty day moving average price is $204.73 and its 200 day moving average price is $214.74.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. Analysts forecast that Alexander’s, Inc. will post 11.5 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were issued a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a yield of 8.55%. The ex-dividend date of this dividend was Tuesday, February 18th. Alexander’s’s dividend payout ratio (DPR) is 212.77%.

Hedge Funds Weigh In On Alexander’s

Several large investors have recently bought and sold shares of the stock. Lazard Asset Management LLC acquired a new stake in shares of Alexander’s during the fourth quarter worth $28,000. AlphaQuest LLC purchased a new position in Alexander’s during the 4th quarter worth $154,000. Resona Asset Management Co. Ltd. acquired a new stake in shares of Alexander’s in the 4th quarter worth $163,000. Wells Fargo & Company MN boosted its holdings in shares of Alexander’s by 51.7% in the fourth quarter. Wells Fargo & Company MN now owns 1,004 shares of the real estate investment trust’s stock valued at $201,000 after acquiring an additional 342 shares in the last quarter. Finally, Algert Global LLC increased its stake in shares of Alexander’s by 24.4% during the fourth quarter. Algert Global LLC now owns 1,066 shares of the real estate investment trust’s stock worth $213,000 after acquiring an additional 209 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).