Alexander’s, Inc. (NYSE:ALX) Short Interest Up 17.5% in January

Alexander’s, Inc. (NYSE:ALX) was the recipient of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 126,200 shares, a growth of 17.5% from the January 15th total of 107,400 shares. Based on an average daily trading volume, of 12,900 shares, the days-to-cover ratio is presently 9.8 days. Currently, 6.0% of the company’s shares are sold short.

Alexander’s Trading Up 0.3 %

Shares of NYSE:ALX traded up $0.58 on Friday, reaching $204.97. 17,789 shares of the company traded hands, compared to its average volume of 9,866. The business’s 50-day simple moving average is $197.49 and its 200 day simple moving average is $217.83. Alexander’s has a 52 week low of $184.76 and a 52 week high of $251.63. The stock has a market capitalization of $1.05 billion, a P/E ratio of 22.18 and a beta of 0.84. The company has a current ratio of 10.21, a quick ratio of 10.21 and a debt-to-equity ratio of 5.18.

Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.71 by $0.35. Alexander’s had a return on equity of 21.79% and a net margin of 20.33%. As a group, equities analysts anticipate that Alexander’s will post 14.84 EPS for the current fiscal year.

Alexander’s Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Tuesday, February 18th will be paid a $4.50 dividend. The ex-dividend date of this dividend is Tuesday, February 18th. This represents a $18.00 annualized dividend and a dividend yield of 8.78%. Alexander’s’s payout ratio is presently 194.81%.

Institutional Trading of Alexander’s

Several large investors have recently modified their holdings of the business. State Street Corp grew its stake in shares of Alexander’s by 1.6% in the third quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock worth $14,086,000 after purchasing an additional 927 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Alexander’s by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 57,932 shares of the real estate investment trust’s stock worth $11,593,000 after purchasing an additional 687 shares during the last quarter. Denali Advisors LLC grew its stake in shares of Alexander’s by 9.3% in the fourth quarter. Denali Advisors LLC now owns 29,315 shares of the real estate investment trust’s stock worth $5,865,000 after purchasing an additional 2,502 shares during the last quarter. Northern Trust Corp boosted its position in Alexander’s by 12.4% during the 4th quarter. Northern Trust Corp now owns 22,424 shares of the real estate investment trust’s stock valued at $4,486,000 after acquiring an additional 2,466 shares in the last quarter. Finally, Los Angeles Capital Management LLC boosted its position in Alexander’s by 19.1% during the 4th quarter. Los Angeles Capital Management LLC now owns 16,007 shares of the real estate investment trust’s stock valued at $3,202,000 after acquiring an additional 2,572 shares in the last quarter. 31.99% of the stock is 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).