Short Interest in Alexander’s, Inc. (NYSE:ALX) Rises By 9.6%

Alexander’s, Inc. (NYSE:ALX) was the target of a large increase in short interest during the month of December. As of December 15th, there was short interest totalling 126,500 shares, an increase of 9.6% from the November 30th total of 115,400 shares. Based on an average daily volume of 12,200 shares, the short-interest ratio is currently 10.4 days. Approximately 6.0% of the company’s stock are sold short.

Institutional Trading of Alexander’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Ballentine Partners LLC purchased a new position in shares of Alexander’s during the third quarter worth about $205,000. SG Americas Securities LLC acquired a new position in Alexander’s in the 3rd quarter valued at about $215,000. Principal Financial Group Inc. increased its position in Alexander’s by 7.9% in the 2nd quarter. Principal Financial Group Inc. now owns 997 shares of the real estate investment trust’s stock valued at $224,000 after acquiring an additional 73 shares during the period. Franklin Resources Inc. increased its position in Alexander’s by 5.6% in the 3rd quarter. Franklin Resources Inc. now owns 976 shares of the real estate investment trust’s stock valued at $225,000 after acquiring an additional 52 shares during the period. Finally, The Manufacturers Life Insurance Company increased its position 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 valued at $290,000 after acquiring an additional 86 shares during the period. Institutional investors and hedge funds own 31.99% of the company’s stock.

Alexander’s Stock Up 0.1 %

ALX stock opened at $200.06 on Thursday. The stock has a market cap of $1.02 billion, a P/E ratio of 21.65 and a beta of 0.83. 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 has a twelve month low of $196.00 and a twelve month high of $251.63. The company’s 50 day moving average is $217.26 and its two-hundred day moving average is $225.32.

Alexander’s Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Monday, November 11th were paid a $4.50 dividend. The ex-dividend date was Friday, November 8th. This represents a $18.00 annualized dividend and a yield of 9.00%. Alexander’s’s dividend payout ratio is presently 194.81%.

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).