Alexander’s (NYSE:ALX) Shares Gap Up to $213.80

Alexander’s, Inc. (NYSE:ALX) gapped up before the market opened on Monday . The stock had previously closed at $213.80, but opened at $223.20. Alexander’s shares last traded at $220.01, with a volume of 2,966 shares.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Alexander’s from a “hold” rating to a “buy” rating in a research report on Tuesday, February 13th.

Alexander’s Trading Up 7.9 %

The firm has a 50 day moving average of $214.14 and a 200 day moving average of $208.07. The firm has a market cap of $1.18 billion, a PE ratio of 11.34 and a beta of 0.77. The company has a quick ratio of 13.22, a current ratio of 13.22 and a debt-to-equity ratio of 4.60.

Alexander’s Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Monday, May 13th will be paid a dividend of $4.50 per share. The ex-dividend date is Friday, May 10th. This represents a $18.00 annualized dividend and a dividend yield of 7.81%. Alexander’s’s payout ratio is 90.14%.

Hedge Funds Weigh In On Alexander’s

Several large investors have recently modified their holdings of the business. Goldman Sachs Group Inc. lifted its position in shares of Alexander’s by 19.8% during the fourth quarter. Goldman Sachs Group Inc. now owns 351,115 shares of the real estate investment trust’s stock worth $74,988,000 after acquiring an additional 57,951 shares in the last quarter. Vanguard Group Inc. increased its holdings in shares of Alexander’s by 3.3% in the third quarter. Vanguard Group Inc. now owns 326,963 shares of the real estate investment trust’s stock worth $59,582,000 after purchasing an additional 10,513 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of Alexander’s by 4.3% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 63,601 shares of the real estate investment trust’s stock worth $11,590,000 after purchasing an additional 2,604 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Alexander’s by 5.8% in the third quarter. Bank of New York Mellon Corp now owns 31,763 shares of the real estate investment trust’s stock worth $5,788,000 after purchasing an additional 1,733 shares during the period. Finally, Denali Advisors LLC increased its holdings in shares of Alexander’s by 19.4% in the first quarter. Denali Advisors LLC now owns 12,900 shares of the real estate investment trust’s stock worth $2,801,000 after purchasing an additional 2,100 shares during the period. Hedge funds and other institutional investors own 31.99% of the company’s stock.

About Alexander’s

Alexander's, Inc is a real estate investment trust which has five properties in New York City.