Short Interest in Alexander’s, Inc. (NYSE:ALX) Grows By 17.9%

Alexander’s, Inc. (NYSE:ALX) saw a large increase in short interest in February. As of February 28th, there was short interest totalling 156,600 shares, an increase of 17.9% from the February 13th total of 132,800 shares. Based on an average trading volume of 14,400 shares, the days-to-cover ratio is currently 10.9 days. Approximately 7.4% of the shares of the company are short sold.

Alexander’s Stock Performance

Shares of ALX traded up $2.87 during mid-day trading on Wednesday, hitting $218.64. The stock had a trading volume of 4,692 shares, compared to its average volume of 11,677. The company has a market cap of $1.12 billion, a PE ratio of 25.84 and a beta of 0.83. The company’s fifty day simple moving average is $200.89 and its two-hundred day simple moving average is $215.47. The company has a quick ratio of 13.18, a current ratio of 13.18 and a debt-to-equity ratio of 5.59. Alexander’s has a fifty-two week low of $184.76 and a fifty-two week high of $251.63.

Alexander’s (NYSE:ALX) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, topping the consensus estimate of $3.71 by $0.35. Alexander’s had a return on equity of 21.45% and a net margin of 19.19%. On average, equities analysts expect that Alexander’s will post 11.5 earnings per share for the current year.

Alexander’s Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Tuesday, February 18th were given a dividend of $4.50 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $18.00 dividend on an annualized basis and a yield of 8.23%. Alexander’s’s dividend payout ratio is currently 212.77%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in ALX. Principal Financial Group Inc. boosted its position in Alexander’s by 11.5% during the 3rd quarter. Principal Financial Group Inc. now owns 1,112 shares of the real estate investment trust’s stock valued at $270,000 after purchasing an additional 115 shares during the period. Penserra Capital Management LLC boosted its position in Alexander’s by 20.5% during the 3rd quarter. Penserra Capital Management LLC now owns 4,554 shares of the real estate investment trust’s stock valued at $1,103,000 after purchasing an additional 775 shares during the period. FMR LLC boosted its position in Alexander’s by 17.1% during the 3rd quarter. FMR LLC now owns 3,484 shares of the real estate investment trust’s stock valued at $844,000 after purchasing an additional 510 shares during the period. State Street Corp boosted its position in Alexander’s by 1.6% during the 3rd quarter. State Street Corp now owns 58,122 shares of the real estate investment trust’s stock valued at $14,086,000 after purchasing an additional 927 shares during the period. Finally, Jane Street Group LLC raised its stake in Alexander’s by 162.6% during the 3rd quarter. Jane Street Group LLC now owns 5,722 shares of the real estate investment trust’s stock valued at $1,387,000 after acquiring an additional 3,543 shares in 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).