Alexander’s (NYSE:ALX) Reaches New 12-Month Low – Should You Sell?

Alexander’s, Inc. (NYSE:ALX) shares reached a new 52-week low on Wednesday . The company traded as low as $200.16 and last traded at $200.16, with a volume of 13259 shares changing hands. The stock had previously closed at $213.34.

Alexander’s Trading Up 1.0 %

The business’s 50 day simple moving average is $222.60 and its two-hundred day simple moving average is $225.98. 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 stock has a market cap of $1.04 billion, a P/E ratio of 21.96 and a beta of 0.83.

Alexander’s Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Monday, November 11th were paid a dividend of $4.50 per share. This represents a $18.00 dividend on an annualized basis and a yield of 8.87%. The ex-dividend date was Friday, November 8th. Alexander’s’s dividend payout ratio is presently 194.81%.

Institutional Investors Weigh In On Alexander’s

Large investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC bought a new position in shares of Alexander’s in the third quarter valued at approximately $205,000. SG Americas Securities LLC bought a new stake in shares of Alexander’s in the third quarter valued at approximately $215,000. Principal Financial Group Inc. lifted its position in shares of Alexander’s by 7.9% during the second quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock worth $224,000 after acquiring an additional 73 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Alexander’s by 5.6% in the third quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock worth $225,000 after buying an additional 52 shares in the last quarter. Finally, The Manufacturers Life Insurance Company increased its stake in 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 worth $290,000 after acquiring an additional 86 shares during the last quarter. Institutional investors and hedge funds own 31.99% of the company’s stock.

About Alexander’s

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).