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

Alexander’s, Inc. (NYSE:ALX)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $192.00 and last traded at $192.33, with a volume of 9577 shares. The stock had previously closed at $199.46.

Alexander’s Stock Down 1.0 %

The stock has a market cap of $958.28 million, a price-to-earnings ratio of 20.31 and a beta of 0.84. The stock has a 50 day simple moving average of $213.81 and a 200 day simple moving average of $224.52. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a $4.50 dividend. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.59%. The ex-dividend date of this dividend was Friday, November 8th. Alexander’s’s dividend payout ratio (DPR) is 194.81%.

Hedge Funds Weigh In On Alexander’s

A number of hedge funds have recently added to or reduced their stakes in ALX. Franklin Resources Inc. boosted its holdings in Alexander’s by 5.6% during the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after purchasing an additional 52 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Alexander’s by 7.9% in the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after buying an additional 73 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings 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 in the last quarter. Rhumbline Advisers increased its position 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 lifted its holdings in 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 acquiring an additional 113 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).