Alexander’s (NYSE:ALX) Shares Cross Below 200-Day Moving Average of $216.24

Alexander’s, Inc. (NYSE:ALX)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $216.24 and traded as low as $215.63. Alexander’s shares last traded at $216.50, with a volume of 10,892 shares.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on ALX shares. StockNews.com downgraded Alexander’s from a “buy” rating to a “hold” rating in a research report on Saturday, June 22nd. Piper Sandler dropped their target price on Alexander’s from $160.00 to $145.00 and set an “underweight” rating on the stock in a research report on Monday, May 13th.

Alexander’s Stock Down 3.7 %

The company has a debt-to-equity ratio of 4.75, a quick ratio of 14.35 and a current ratio of 14.35. The business’s 50 day moving average price is $215.69 and its 200 day moving average price is $216.24. The firm has a market cap of $1.11 billion, a price-to-earnings ratio of 10.35 and a beta of 0.81.

Alexander’s Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Monday, May 13th were issued a $4.50 dividend. The ex-dividend date was Friday, May 10th. This represents a $18.00 dividend on an annualized basis and a yield of 8.31%. Alexander’s’s payout ratio is 86.04%.

Hedge Funds Weigh In On Alexander’s

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ALX. PNC Financial Services Group Inc. boosted its holdings in shares of Alexander’s by 119.0% during the 3rd quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 75 shares during the last quarter. Mariner LLC increased its stake in Alexander’s by 2.6% during the 3rd quarter. Mariner LLC now owns 6,637 shares of the real estate investment trust’s stock worth $1,209,000 after buying an additional 167 shares during the period. Penserra Capital Management LLC increased its holdings in Alexander’s by 12.5% during the 3rd quarter. Penserra Capital Management LLC now owns 2,852 shares of the real estate investment trust’s stock worth $519,000 after purchasing an additional 318 shares during the period. Vanguard Group Inc. increased its position in shares of Alexander’s by 3.3% in the 3rd quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock valued at $59,582,000 after purchasing an additional 10,513 shares during the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of Alexander’s in the 4th quarter valued at about $115,000. 31.99% of the stock is owned by hedge funds and other institutional investors.

Alexander’s Company Profile

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