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

Alexander’s, Inc. (NYSE:ALX) was the recipient of a significant increase in short interest in May. As of May 31st, there was short interest totalling 124,300 shares, an increase of 9.0% from the May 15th total of 114,000 shares. Based on an average daily trading volume, of 8,800 shares, the short-interest ratio is presently 14.1 days. Approximately 5.9% of the company’s shares are sold short.

Alexander’s Trading Up 2.4 %

ALX opened at $216.12 on Wednesday. The firm has a market capitalization of $1.10 billion, a P/E ratio of 10.33 and a beta of 0.79. The firm’s 50 day moving average is $214.51 and its 200-day moving average is $214.43. Alexander’s has a 52-week low of $162.50 and a 52-week high of $237.18. The company has a quick ratio of 14.35, a current ratio of 14.35 and a debt-to-equity ratio of 4.75.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Monday, May 13th were paid a dividend of $4.50 per share. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 8.33%. Alexander’s’s dividend payout ratio is currently 86.04%.

Institutional Trading of Alexander’s

Hedge funds have recently made changes to their positions in the company. Daiwa Securities Group Inc. increased its stake in shares of Alexander’s by 7.8% in the first quarter. Daiwa Securities Group Inc. now owns 695 shares of the real estate investment trust’s stock worth $151,000 after buying an additional 50 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Alexander’s by 7.0% in the first quarter. CANADA LIFE ASSURANCE Co now owns 1,119 shares of the real estate investment trust’s stock worth $243,000 after buying an additional 73 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in shares of Alexander’s by 119.0% in the third quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 75 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Alexander’s by 3.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 2,390 shares of the real estate investment trust’s stock worth $510,000 after buying an additional 80 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Alexander’s by 3.0% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,265 shares of the real estate investment trust’s stock worth $709,000 after buying an additional 95 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler reduced their price target on shares of Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a research report on Monday, May 13th. StockNews.com lowered shares of Alexander’s from a “buy” rating to a “hold” rating in a research note on Friday, June 14th.

Alexander’s Company Profile

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