Shares of Alexander’s, Inc. (NYSE:ALX – Get Free Report) saw unusually-high trading volume on Friday . Approximately 3,466 shares were traded during trading, a decline of 60% from the previous session’s volume of 8,621 shares.The stock last traded at $207.40 and had previously closed at $205.46.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Alexander’s from a “hold” rating to a “buy” rating in a report on Tuesday, February 13th.
Check Out Our Latest Stock Report on ALX
Alexander’s Trading Up 1.9 %
Alexander’s Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Friday, March 1st. Stockholders of record on Tuesday, February 20th were issued a $4.50 dividend. This represents a $18.00 annualized dividend and a dividend yield of 8.60%. The ex-dividend date of this dividend was Friday, February 16th. Alexander’s’s dividend payout ratio is presently 90.14%.
Hedge Funds Weigh In On Alexander’s
Institutional investors have recently modified their holdings of the business. Lazard Asset Management LLC purchased a new position in Alexander’s in the fourth quarter valued at approximately $27,000. PNC Financial Services Group Inc. lifted its position in shares of Alexander’s by 119.0% during the third quarter. PNC Financial Services Group Inc. now owns 138 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 75 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Alexander’s by 173.2% during the third quarter. Tower Research Capital LLC TRC now owns 194 shares of the real estate investment trust’s stock worth $35,000 after acquiring an additional 123 shares in the last quarter. Osaic Holdings Inc. lifted its position in shares of Alexander’s by 29.9% during the second quarter. Osaic Holdings Inc. now owns 239 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 55 shares in the last quarter. Finally, Signaturefd LLC lifted its position in shares of Alexander’s by 17.5% during the third quarter. Signaturefd LLC now owns 370 shares of the real estate investment trust’s stock worth $67,000 after acquiring an additional 55 shares in the last quarter. 31.99% of the stock is owned by institutional investors.
Alexander’s Company Profile
Alexander's, Inc is a real estate investment trust which has five properties in New York City.
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