Alexander’s, Inc. (NYSE:ALX) Short Interest Update

Alexander’s, Inc. (NYSE:ALX) was the recipient of a large drop in short interest during the month of December. As of December 31st, there was short interest totalling 117,500 shares, a drop of 7.1% from the December 15th total of 126,500 shares. Currently, 5.5% of the company’s shares are sold short. Based on an average daily trading volume, of 12,400 shares, the short-interest ratio is presently 9.5 days.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of ALX. Rhumbline Advisers lifted its holdings in Alexander’s by 2.6% in the second quarter. Rhumbline Advisers now owns 3,478 shares of the real estate investment trust’s stock valued at $782,000 after buying an additional 87 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Alexander’s by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 34,745 shares of the real estate investment trust’s stock worth $7,812,000 after buying an additional 413 shares during the period. The Manufacturers Life Insurance Company increased its stake in shares of Alexander’s by 7.1% in the 2nd 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 last quarter. SG Americas Securities LLC acquired a new stake in shares of Alexander’s in the 3rd quarter valued at approximately $215,000. Finally, Inspire Investing LLC boosted its stake in Alexander’s by 7.2% during the 3rd 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 last quarter. Institutional investors own 31.99% of the company’s stock.

Alexander’s Trading Up 0.7 %

Shares of NYSE ALX traded up $1.41 during midday trading on Monday, hitting $192.24. The stock had a trading volume of 16,218 shares, compared to its average volume of 12,135. The firm has a market cap of $982.32 million, a P/E ratio of 20.80 and a beta of 0.84. Alexander’s has a fifty-two week low of $184.76 and a fifty-two week high of $251.63. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21. The company’s 50-day simple moving average is $208.34 and its 200 day simple moving average is $222.98.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were issued a dividend of $4.50 per share. The ex-dividend date was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.36%. Alexander’s’s dividend payout ratio is currently 194.81%.

Alexander’s Company Profile

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).