Short Interest in Alexander’s, Inc. (NYSE:ALX) Rises By 17.9%

Alexander’s, Inc. (NYSE:ALX) saw a large growth in short interest during the month of February. As of February 28th, there was short interest totalling 156,600 shares, a growth of 17.9% from the February 13th total of 132,800 shares. Based on an average daily volume of 14,400 shares, the days-to-cover ratio is presently 10.9 days. Currently, 7.4% of the company’s stock are sold short.

Alexander’s Price Performance

Shares of NYSE ALX opened at $214.62 on Friday. Alexander’s has a twelve month low of $184.76 and a twelve month high of $251.63. The company has a current ratio of 13.18, a quick ratio of 13.18 and a debt-to-equity ratio of 5.59. The company has a market capitalization of $1.10 billion, a price-to-earnings ratio of 25.37 and a beta of 0.83. The business has a 50 day simple moving average of $202.07 and a 200-day simple moving average of $215.49.

Alexander’s (NYSE:ALX) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. As a group, equities research analysts expect that Alexander’s will post 11.5 earnings per share for the current year.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were paid a dividend of $4.50 per share. The ex-dividend date was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 8.39%. Alexander’s’s payout ratio is currently 212.77%.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in ALX. Principal Financial Group Inc. grew its stake in 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 worth $270,000 after buying an additional 115 shares during the last quarter. Penserra Capital Management LLC grew its stake in Alexander’s by 20.5% during the 3rd quarter. Penserra Capital Management LLC now owns 4,554 shares of the real estate investment trust’s stock worth $1,103,000 after buying an additional 775 shares during the last quarter. FMR LLC boosted its position in Alexander’s by 17.1% during the 3rd quarter. FMR LLC now owns 3,484 shares of the real estate investment trust’s stock worth $844,000 after acquiring an additional 510 shares during the period. State Street Corp boosted its position in Alexander’s by 1.6% during the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after acquiring an additional 927 shares during the period. Finally, Jane Street Group LLC boosted its position in Alexander’s by 162.6% during the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock worth $1,387,000 after acquiring an additional 3,543 shares during the period. 31.99% of the stock is currently owned by institutional investors.

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).