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

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

Alexander’s Price Performance

ALX traded up $1.41 during trading on Friday, reaching $192.24. 16,218 shares of the company were exchanged, compared to its average volume of 12,135. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The company has a market cap of $982.32 million, a price-to-earnings ratio of 20.80 and a beta of 0.84. Alexander’s has a 12-month low of $184.76 and a 12-month high of $251.63. The company’s 50-day moving average is $208.34 and its two-hundred day moving average is $222.98.

Alexander’s Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Monday, November 11th were given a $4.50 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.36%. Alexander’s’s dividend payout ratio (DPR) is currently 194.81%.

Hedge Funds Weigh In On Alexander’s

Hedge funds have recently bought and sold shares of the company. Barclays PLC boosted its holdings in Alexander’s by 369.7% in the 3rd quarter. Barclays PLC now owns 3,584 shares of the real estate investment trust’s stock valued at $869,000 after purchasing an additional 2,821 shares during the period. Jane Street Group LLC grew its position in Alexander’s by 162.6% during the third quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock worth $1,387,000 after buying an additional 3,543 shares in the last quarter. Franklin Resources Inc. increased its stake in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after acquiring an additional 52 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings 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 in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after acquiring an additional 115 shares during the last quarter. Hedge funds and other institutional investors own 31.99% of the company’s stock.

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).