Alexander’s (NYSE:ALX) Reaches New 12-Month Low – Should You Sell?

Alexander’s, Inc. (NYSE:ALX) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $200.16 and last traded at $200.16, with a volume of 13259 shares. The stock had previously closed at $213.34.

Alexander’s Price Performance

The firm has a 50-day moving average price of $222.60 and a 200 day moving average price of $225.98. The stock has a market capitalization of $1.04 billion, a P/E ratio of 21.96 and a beta of 0.83. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a dividend of $4.50 per share. This represents a $18.00 annualized dividend and a dividend yield of 8.87%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio (DPR) is presently 194.81%.

Institutional Investors Weigh In On Alexander’s

A number of institutional investors have recently made changes to their positions in ALX. Franklin Resources Inc. grew its stake in shares of Alexander’s by 5.6% during the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after buying an additional 52 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Alexander’s by 7.9% in the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after purchasing an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in shares of Alexander’s by 7.1% in the second quarter. The Manufacturers Life Insurance Company now owns 1,290 shares of the real estate investment trust’s stock valued at $290,000 after acquiring an additional 86 shares during the period. Rhumbline Advisers raised its stake in shares of Alexander’s by 2.6% during the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after acquiring an additional 87 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in shares of Alexander’s by 7.2% during the third quarter. Inspire Investing LLC now owns 1,679 shares of the real estate investment trust’s stock worth $407,000 after purchasing an additional 113 shares during the period. Hedge funds and other institutional investors 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).